Coinbase said that it would eliminate around 20% of its staff and enact broad cost cuts, the latest sign of pain in the cryptocurrency industry
Brian Armstrong, CEO of Coinbase, said the crypto exchange will cut operating expenses by 25% from the previous quarter.Coinbase Global Inc. said that it would eliminateChief Executive Brian Armstrong said
that crypto exchange Coinbase will reduce operating expenses by 25% from the previous quarter, including laying off about 950 people. At the end of September, the company had around 4,700 employees.
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