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Coinbase to Cut 950 Jobs

Brian Armstrong, CEO of Coinbase, announced that the exchange plans to reduce its operating expenses by about 25% quarter over quarter, including letting go of about 950 people. The staff to be sacked account for around 25% of Coinbase's workforce.

Coinbase cut 18% of its workforce in June 2022, and laid off another 60 people in November.

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Coinbase

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