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 phaseIn addition to job cuts, Coinbase will also be discontinuing several projects with a “lower
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jamie Crawley is a CoinDesk news reporter based in London.Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Crypto exchange Coinbase (COIN) has said it is planning to reduce its headcount by around 950
On the Thursday before he was supposed to start his new job at Coinbase, Sam Maher got an email with the subject line “Update to your Coinbase offer.” The update was that there was no offer. In response to “current market conditions,” the startup had eliminated a number of incoming positions, leaving Maher suddenly unemployed…