Cryptocurrency exchange Coinbase is the latest tech company to announce mass layoffs. In an email to staff on Tuesday, CEO Brain Armstrong said the company would be letting 950 employees go as it attempts to “weather downturns in the crypto market.” The email was made public on the Coinbase blog, and the company also submitted an 8-K filing with the news.
“The FTX collapse and the resulting contagion has created a black eye for the industry”
“While it is always painful to part ways…
