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Coinbase to Cut 1.100 Jobs Amid Turmoil in Crypto Markets

Selasa, 14 Juni 2022 | 19:36 WIB
Coinbase to Cut 1.100 Jobs Amid Turmoil in Crypto Markets

ILUSTRASI. Coinbase Global Inc would slash 18% of its workforce, or about 1.100 jobs, as part of efforts to rein in costs amid volatile market conditions. REUTERS/Shannon Stapleton

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Cryptocurrency exchange Coinbase Global Inc said on Tuesday it would slash 18% of its workforce, or about 1.100 jobs, as part of efforts to rein in costs amid volatile market conditions.

The layoffs come a day after Bitcoin fell as much as 14% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers, in the latest sign of the financial market downturn hitting the cryptosphere.

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