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Coinbase says it will “slow hiring and reassess our headcount needs” during the market downturn, after initially planning to triple its workforce in 2022

Cryptocurrency exchange Coinbase has reined in a plan to triple its headcount this year in response to turbulent market conditions. Source: The Coinbase Blog .

The Block Ryan Weeks

Discussion

  • @alex @alex on x
    $COIN up 7% in pre-market, slowing opex ramp (via slowed hiring) popular
  • @carnage4life @carnage4life on x
    Coinbase announces it will slow down hiring from its original plan to triple headcount this year. Across the industry from Uber to Twitter, companies are instituting hiring freezes. This is a good time to sign that offer letter if you haven't yet. https://blog.coinbase.com/...
  • @wublockchain @wublockchain on x
    Coinbase: Given current market conditions, we feel it's prudent to slow hiring and reassess our headcount needs against our highest-priority business goals. Coinbase lost $420 million in the first quarter. Shares are down 75% year-to-date. https://blog.coinbase.com/...