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Crypto exchange Coinbase to slash nearly 1,000 jobs
Reuters
Crypto exchange Coinbase to slash nearly 1,000 jobs
Tue, January 10, 2023 at 3:54 AM PST
(Reuters) - Cryptocurrency exchange Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan.
A clutch of crypto firms, gripped by an industry-wide downturn that has deepened with the collapse of major exchange FTX, have filed for bankruptcy protection in recent months.
Coinbase shares rose 2.9% in premarket trading before falling into the red.
This post has been updated with an update to the stock action.
Crypto exchange Coinbase to slash nearly 1,000 jobs
Tue, January 10, 2023 at 3:54 AM PST
(Reuters) - Cryptocurrency exchange Coinbase Global Inc said on Tuesday it will reduce its workforce by about 950 employees as part of a restructuring plan.
A clutch of crypto firms, gripped by an industry-wide downturn that has deepened with the collapse of major exchange FTX, have filed for bankruptcy protection in recent months.
Coinbase shares rose 2.9% in premarket trading before falling into the red.
This post has been updated with an update to the stock action.