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The Water Cooler
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Tech Layoffs Coming Tidal Wave - The Tracker
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<blockquote data-quote="SlugSlinger" data-source="post: 3942993" data-attributes="member: 7248"><p><h2>10th January</h2><p><strong>Coinbase</strong></p><p></p><p><em><strong>Job losses: Around 950 staff</strong></em></p><p></p><p>Crypto firm Coinbase announces that it is closing 950 roles in a blog post, equalling 20% of its entire workforce. In a statement, CEO Brian Armstrong said that the cuts were necessary to ensure that Coinbase was able to succeed in 2023. He went on to say “While it is always painful to part ways with our fellow colleagues, there was no way to reduce our expenses significantly enough, without considering changes to headcount.”</p><p></p><p>Coinbase had previously issued mass redundancies in June 2022, leading to around 1,100 job losses.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3942993, member: 7248"] [HEADING=1]10th January[/HEADING] [B]Coinbase[/B] [I][B]Job losses: Around 950 staff[/B][/I] Crypto firm Coinbase announces that it is closing 950 roles in a blog post, equalling 20% of its entire workforce. In a statement, CEO Brian Armstrong said that the cuts were necessary to ensure that Coinbase was able to succeed in 2023. He went on to say “While it is always painful to part ways with our fellow colleagues, there was no way to reduce our expenses significantly enough, without considering changes to headcount.” Coinbase had previously issued mass redundancies in June 2022, leading to around 1,100 job losses. [/QUOTE]
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