Coinbase layoffs – pressnews

[ad_1] The digital-assets industry has shed more than 2,000 jobs in the first two months of 2023, as companies continued to retrench even as crypto prices staged a partial recovery.US cryptocurrency exchange Coinbase Global Inc. this week indicated that more layoffs could be in store, after cutting 20% of its workforce in January. Other trading venues including Crypto.com, Huobi Global, Gemini and Luno also announced job cuts in the past two months. Exchanges' revenues are reliant on retail trading, which has been slow to pick up after a wave of failures and scandals ripped through the sector last year. Layoffs have been widespread among other types of crypto businesses too. Chainalysis, a company that specializes in tracking digital-asset transactions and counts Singapore's GIC among ...

[ad_1] Coinbase said it was eliminating 60 positions, the latest in a series of job cuts by the exchange as the months-long slump in cryptocurrencies deepens. Coinbase Global Inc. said it was eliminating 60 positions, the latest in a series of job cuts by the exchange as the months-long slump in cryptocurrencies deepens.The largest US digital-asset trading platform plans to reduce its recruiting and institutional onboarding groups, according to a statement Thursday. “Today's actions were surgical. We are just making sure we are not wasting a dollar,” Coinbase's Chief Financial Officer, Alesia Haas, told Bloomberg TV. “If we see that there is going to be further depressed revenue, and if we believe this is going to impact beyond the scenarios we have already planned for, we will have t...

Tag: Coinbase layoffs

Crypto Retrenchment Persists With Over 2,000 Jobs Lost in 2023

Coinbase Cuts 60 Jobs in Latest ‘Crypto Winter’ Layoff