Coinbase cuts 18% of jobs amid crypto crash

CNBC Television

Coinbase cuts 18% of jobs amid crypto crash

Coinbase plans to lay off 18% of its workforce, or roughly 900 employees, as the company forecasts a recession and looks to increase its efficiency. CNBC’s Kate Rooney joins ‘Squawk Box’ with the details.

9 thoughts on “Coinbase cuts 18% of jobs amid crypto crash”

  1. NO JOBS,NO INCREMENTS ,NO PROMOTIONS ALL THIS STUPID THINGS OF PAST FOR ME.

  2. Bitcoins☝️investment and trading as a really change a lot in my life and in the life of many other investors thanks for your good work sir keep it on

  3. They'll power through nothing. Total bs company that offers nothing in value or innovation. Complete crap platform that charges exorbitant trading fees for a worthless asset is the reality of the situation. They're were actually no fees on one of their platforms like 3 years ago. The only reason price shot up was bc they implemented crazy high fees across the board. At least robinhood is free. What a POS company. Will be a 5 dollar stock within 6 months. Good riddance!

  4. COO is a diversity checkbox hire ..no wonder they over-hired and now need to lay off candidates…even cancel hired applicants.

  5. Why would a crypto company even need 900 employees? You can run servers with 10 guys in a warehouse.

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