Coinbase announced plans to cut around 950 jobs. The decision to restructure is due to “ongoing market conditions impacting the crypto economy” This downsizing follows a similar round of job cuts made last year, when the crypto market was in a bear phase In addition to job cuts, Coinbase will also be discontinuing several projects with a “lower probability of success” According to CoinDesk, nearly 27,000 jobs have been lost across the crypto industry since April 2020. Shares of Coinbase
