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.
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 ...
Roundup: 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’s Nikkei closes at 2-week high on tech boost
Japan's Nikkei index on Tuesday closed at its highest in two weeks, as technology stocks jumped, but the gains were capped by caution ahead of next week's meeting by the Bank of Japan. The Nasdaq ...
Japan shares higher at close of trade; Nikkei 225 up 0.78%
Japan equities were higher at the close on Tuesday, as gains in the Mining, Transport and Precision Instruments sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 rose 0.78%. The ...
Crypto could do better than almost all other assets if there’s a global recession, Chainlink says
Sergey Nazarov of Chainlink says that's because "the whole point of it is to create an alternative financial system that can't go through the types of failures that a global recession would create." ...
Japan’s Nikkei gains as tech shares track U.S. peers higher
Japan's Nikkei share average rose on Tuesday, as technology stocks tracked their U.S. peers higher, but gains were limited as investors awaited the Bank of Japan's policy meeting due next week. The ...
Sah Polymers IPO: Latest GMP, how to check allotment status online
Those who have applied for the public issue can check their application status online by logging in at the BSE website or at the website of official registrar of the public issue. Link Intime ...