#Coinbase lays off 18% of #workforce as executives prepare for #recession and ‘crypto winter’

Source: https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html

CEO #BrianArmstrong pointed to a possible recession, and a need to manage Coinbase’s burn rate and increase efficiency. He also said the #company grew “too quickly” during a bull #market.

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