Coinbase to slash 20% of workforce in 2nd important spherical of task cuts

Key Points

Coinbase is reducing a fifth of its workforce adhering to an 18% workers reduction in June.
CEO Brian Armstrong pointed to current strain on the crypto sector many thanks to “unscrupulous actors in the business,” referring to bankrupt exchange FTX and its founder, Sam Bankman-Fried.
“The FTX collapse and the resulting contagion has established a black eye for the field,” Armstrong states, adding that you can find most likely far more “shoes to drop.”

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