Technology

Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to reduce its operating expense by 25% QoQ; Coinbase laid off 18% in June (Kate Rooney/CNBC)


Kate Rooney / CNBC:

Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to reduce its operating expense by 25% QoQ; Coinbase laid off 18% in June  —  – Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June.  — CEO Brian Armstrong pointed …


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