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Coinbase Cuts 20% of Staff as Crypto Slump Continues

May 8, 2023
in AI & Technology
Reading Time: 1 min read
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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.

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