Coinbase to layoff 20% of its workforce
https://www.wsj.com/livecoverage/stock-market-news-today-01-10-2023/card/coinbase-to-cut-nearly-1-000-jobs-h7nN4tDCoFTuqbhlw6Ya?mod=mhp Wow. And they just laid off 1100 employees last year. TC: 300k
Coinbase Crypto Exchange to Cut Nearly 1,000 Jobs
The Wall Street Journal
The Wall Street Journal
Amazon LUEz23 Jan 10, 2023
Best wishes to folks in coinbase
Amazon F***amzn Jan 10, 2023
Its a layoff race now. Companies competing to see who can cut more..
Coinbase Xzpc86 Jan 10, 2023
Crypto companies usually the early warning indicator. Now that it’s second round, brace yourself for other companies to do a second round soon in some months
Twilio bea62!hq Jan 10, 2023
How was the impact on engineering? They were hiring like crazy just few months back.
Coinbase Xzpc86 Jan 10, 2023
Eng didn’t really seem too be affected much this time compared to managers
Like it or not crypto is toast.
i dont know much about crypto, but what i do know is people say this every time and it always seems to come back
The inherent value of most cryptocurrencies is 0. You might say the inherent value of any fiat currency like the USD is also 0, but the difference is at least the USD is backed by the government. Crypto is backed by nothing.