Coinbase Decided to Downsize

The cryptocurrency exchange coinbase, which was offered to the public last year and growing rapidly in parallel with the interest in cryptocurrencies, announced that decided to downsize and 1100 people will be laid off.

Coinbase Decides to Downsize. Coinbase, one of the world's largest cryptocurrency exchanges, which grew rapidly in parallel with the interest in cryptocurrencies during the Covid-19 pandemic period, and whose market value increased with its public offering, finally decided to tighten its measures. While the decline in the markets continued with the negativities in the cryptocurrency markets in the shadow of inflation, Coinbase decided to downsize. Sharing the information that hiring has been temporarily suspended in the past weeks, the stock market announced that it will reduce a significant part of its workforce today. The statement on the subject came from Coinbase boss Brian Armstrong. Armstrong admitted that they have grown too much and stated that they decided to cut 18 percent of the workforce. Earlier last year, Coinbase, where 1250 people worked before, exceeded 6000 people, and the stock market had grown 5 times.       Source: Hardware News       You May Also Be Interested In: https://ieconomy.io/coinbaseden-ise-alim-aciklamasi/