Coinbase Extends Hiring Pause As Crypto Firms Face Bear Market

  • Coinbase is the latest crypto firm to announce cutbacks.
  • In a blog post written by Chief People Officer L.J. Brock, Coinbase said Thursday it “will extend our hiring pause for both new and backfill roles for the foreseeable future and rescind a number of accepted offers.”
  • The latest announcement comes after fellow exchange Gemini announced Thursday it was laying off 10% of its staff, or roughly 100 people.

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