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26.01 - 16:45
Coinbase plans to lay off 950 employees amid $500m loss
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Beaten-down crypto broker Coinbase Global said on 10 January that it would lay off around 950 employees as it confirmed a painful 2022 loss of as much as $500m.
Shares in Coinbase fell 4.5% in US premarket trading following the news.
Coinbase has faced mourning pressure from analysts to cut costs as the broker has come under pressure from...
Read more on fnlondon.comAbout this in other media
Breaking: Coinbase fined $3.6M in the Netherlands cointelegraph.com /1 year ago
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Coinbase Crypto Exchange Announces Partnership with Germany's Borussia Dortmund Soccer Team – Here’s What You Need to Know cryptonews.com /1 year ago
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