Coinbase lays off 18% of its workforce
Image Credit: money control
Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn. Brian Armstrong, CEO and co-founder said that while the company tried its best to get this just right, in this case, it is now clear that it is over-hired. A recession could lead to another crypto winter, and could last for an extended period, Armstrong said.