12-01-2023, 05:31 AM
..Largest cryptocurrency Coinbase slashes 20% staff : How many in Temasek?
One of the largest cryptocurrency exchanges in the world, Coinbase, has blamed the worsening crisis in the sector and the “fallout from unscrupulous actors in the industry” for slashing 20 per cent of its workforce.
The move, which means around 950 employees have been fired, was announced by Coinbase co-founder and chief executive officer Brian Armstrong in a blog post where he warned there could be “further contagion” as cryptocurrency has slumped in value.
One of the largest cryptocurrency exchanges in the world, Coinbase, has blamed the worsening crisis in the sector and the “fallout from unscrupulous actors in the industry” for slashing 20 per cent of its workforce.
The move, which means around 950 employees have been fired, was announced by Coinbase co-founder and chief executive officer Brian Armstrong in a blog post where he warned there could be “further contagion” as cryptocurrency has slumped in value.