Coinbase Cuts 20% of Staff as Crypto Slump Continues

Coinbase Cuts 20% of Staff as Crypto Slump Continues

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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