Crypto Crash : Coinbase gets rid of a HUGE number of employees | cybernews.com

Looking for the most relevant news in the cyber security & tech fields? CLICK HERE 👉 https://ift.tt/TQOpCir About us: our dedicated team of security researchers and investigative journalists regularly delves into previously unexplored depths of online security and privacy in order to shed light on stories that often have an unseen influence on the online world at large. A number of our investigations and reports have been featured by industry-related publications and global news leaders like Forbes, PC mag, and Techradar. ----------------------------------------------------------------------------------------------------------------------- In response to the current market conditions, the cryptocurrency exchange platform “Coinbase'' is planning to reduce its workforce globally. READ HERE 👉 https://ift.tt/9jbF5Sw ----------------------------------------------------------------------------------------------------------------------- 🔥 ESSENTIAL CYBER HYGIENE KIT / Get discounts 🔥 —————————————————————————————— 🔐 Best VPN in 2022 - NordVPN: https://ift.tt/kHtinA9 💥 Most feature-rich antivirus - Norton: https://ift.tt/W4An6C3 🔑Most secure password manager - NordPass: https://ift.tt/4GnVU8e —————————————————————————————— The company is planning to reduce its workforce by approximately 1,100 employees. By the end of the current fiscal quarter, Coinbase expects to have approximately 5,000 employees. It estimates that the restructuration will incur about $40 million to $45 million in total restructuring expenses. Reuters reported that the layoffs come a day after Bitcoin fell as much as 14% after major US cryptocurrency lending company Celsius Network, froze withdrawals and transfers, in the latest sign of the financial market downturn hitting the cryptosphere. Cybernews recently reported that giant tech corporations and well-known startups are cutting their staff to prepare for a “storm” to come – a feared recession. Crypto organizations, such as Bitso, T2M, Gemini, Rain, and Buenbit have all announced staff reductions. Keep up to date with the latest news: ➡️ Visit our site https://cybernews.com/ ➡️ Facebook https://ift.tt/l72UIcA ➡️ Twitter https://twitter.com/cybernews ​ ➡️ #cybernews #cybernewsbyai
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