Coinbase Lays Off Over 60 Employees Amid Crypto Market Turmoil

From decrypt.co

Coinbase is laying off more than 60 staff in its recruiting and institutional onboarding departments, The Information reported Thursday. While not nearly as shocking as Meta’s move to layoff over 11,000 employees a few days ago, Coinbase’s latest round of layoffs is a sign that the exchange may still be trying to cut costs in the ongoing bear market—a development that barely moves the needle during a week that's overflowing with bad news for the crypto sector. Coinbase’s layoffs also come just five months after the exchange laid off 18% of its staff to prepare for what it said at the time could be an ... (full story)