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ANOTHER ROUND OF COINBASE JOB CUTS, 20% OF WORKFORCE LET GO
January 13, 2022
|AppleMagazine
Cryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.
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The company cited adverse economic conditions and disruptions within cryptocurrency markets.
Bitcoin has plunged almost 60% over the past year and a volatile year got worse in late 2022 with the collapse of cryptocurrency exchange FTX which filed for bankruptcy protection in November after experiencing the equivalent of a bank run. Customers tried to withdraw billions of dollars from the exchange after its financial stability came into question.
هذه القصة من طبعة January 13, 2022 من AppleMagazine.
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