Coinbase Cuts 20% of Staff as Crypto Slump Continues

Video News
Coinbase Global Inc. is firing about 950 employees, or 20% of its workforce, as the worsening crypto slump spurs another round of layoffs at the biggest US digital-asset exchange. CEO and co-founder Brian Armstrong made the announcement in a blog post Tuesday. Bloomberg’s Abigail Doolittle reports.

Like this video? Subscribe to Bloomberg Technology on YouTube:
https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg
Watch the latest full episodes of “Bloomberg Technology” with Emily Chang here:

Get the latest in tech from Silicon Valley and around the world here:
https://www.bloomberg.com/technology
Connect with us on…
Twitter: https://twitter.com/technology
Facebook: https://www.facebook.com/BloombergTechnology
Instagram: https://www.instagram.com/bloombergbusiness/

Articles You May Like

Watch Elon Musk Walk the Red Carpet With His Mom
Founders Fund told companies to withdraw funds from SVB
China’s Economy Has Been Strangled, Says Stone Fish
The Impact of SVB’s Collapse on FinTech
Why Did Elon Musk Walk Into Twitter With a Kitchen Sink?