Cryptocurrency companies lay off hundreds amid recession fears – By Jonna Lorenz (UPI) / June 14, 2022
June 14 (UPI) — Cryptocurrency exchanges are laying off hundreds of employees as values plummet amid fears of a recession.
Coinbase will lay off about 1,100 people, or 18% of its global workforce, leaving the company with about 5,000 employees by June 30, according to a Tuesday filing with the Securities and Exchange Commission.
“We appear to be entering a recession after a 10+ year economic boom,” CEO Brian Armstrong said in a blog post. “A recession could lead to another crypto winter, and could last for an extended period.”
CONTINUE > https://www.upi.com/Top_News/US/2022/06/14/cryptocurrency-exchange-Coinbase-layoffs/3941655216618/
[pro_ad_display_adzone id="404"]
