The crypto winter is apparently not over yet. Coinbase announced Tuesday that it was laying off 950 people, about 20% of its staff. The job cuts come only a few months after another major round of layoffs.
Coinbase Lays Off 20% of Staff, Warns of ‘Further Contagion’ in Crypto
Coinbase announced on Tuesday that it would lay off 20% of its employees—950 people out of an estimated 4,700—in an effort to significantly reduce its operating expenses. It’s the company’s second large round of layoffs in less than a year.
Coinbase will chop 20% of its staff in a 2nd round of big job cuts, as its boss blames ‘unscrupulous actors’ for putting pressure on crypto
Coinbase CEO Brian Armstrong blamed "unscrupulous actors" for the headwinds facing the crypto market, a possible allusion to FTX's Sam Bankman-Fried.
Coinbase lays off a fifth of staff as crypto downturn continues
Cryptocurrency exchange Coinbase is the latest tech company to announce mass layoffs. In an email to staff on Tuesday, CEO Brain Armstrong said the company would be letting 950 employees go as it attempts to “weather downturns in the crypto market.
China suspends visas for Japanese citizens: Tokyo embassy
China will "suspend the issuance" of visas to Japanese citizens from Tuesday, its embassy in Tokyo said, in an apparent response to Japan's restrictions on Chinese travellers over a surge in Covid ... ( read original story ...)
‘History might repeat itself’: Chinese ambassador warns Australia to be wary of Japan
China's ambassador to Australia says Canberra should be wary of its relationship with Japan, reminding them that Japanese troops attacked Australia during World War II and could do the same again. ( read original story ...)
Playing Japan in style: Golfweek’s Best raters sample some of Asia’s best courses
A golf trip around Japan exposes course raters to new layouts, cultural delights and some of the best meals imaginable. ( read original story ...)
Cryptoverse: Bitcoin digs in for a bumpy new year
Bitcoin are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/File Photo ...
Japan Moves to Ease Crypto Token Listings After FTX Collapse
Japan will make it easier for cryptocurrency exchanges to list tokens, pressing ahead with plans to liberalize the industry even after the epic failure of Sam Bankman-Fried’s digital empire.
Oppenheimer says buy Coinbase, a ‘long-term survivors’ in the crypto world
The long-term trajectory looks attractive for Coinbase, even as the company grapples with a 'crisis of confidence,' according to Oppenheimer.
This year’s blockbuster IPO is between a rock and a hard place: listing in New York or London won’t change Arm’s fortunes in brutal downturn
The SoftBank-owned chip designer is set to return to public markets this year, but listing in New York or London won't change the difficulties ahead.
Japan’s Nikkei ends at 2-week high on hopes Fed will ease rate hikes
Japan's benchmark Nikkei stock index closed at a two-week high on Tuesday, on hopes the U.S. Federal Reserve may ease its aggressive interest rate hikes, with technology issues buoyed by their U.S.
Japan Banks Target End-January for Toshiba Bid Loan Decision
Top Japanese banks are targeting the end of this month to issue commitment letters for a loan that backs Japan Industrial Partners Inc.-led consortium’s takeover offer for Toshiba Corp., according to ...
Shingo Takagi vs. Great-O-Khan Headlines NJPW New Beginning In Nagoya, Full Card Announced
The lineup is set for NJPW The New Beginning in Nagoya. New Japan Pro-Wrestling announced that Shingo Takagi will defend his 2023 KOPW Provisional Championship against Great-O-Khan in the headlining ... ( read original story ...)
Coming of Age Day celebrations in Tokyo
Kimono-clad young women walk outside a venue during their Coming of Age Day celebration ceremony in Yokohama, Japan 9, 2023. REUTERS/Kim Kyung-Hoon ... ( read original story ...)
China halts visas for Japanese nationals, travel agencies say
China has told travel agencies in Japan that it has stopped issuing new visas for travel, three companies confirmed to Reuters on Tuesday, an apparent response to stricter measures for Chinese ... ( read original story ...)