Coinbase, Crypto.com, & More Firms Layoff Over 1,600 People In 2023
CoinEdition
Published Jan 15, 2023 03:29AM ET
Coinbase, Crypto.com, & More Firms Layoff Over 1,600 People In 2023
- Crypto companies inducing Coinbase (NASDAQ:COIN), Crypto.com, Kraken, and more are cutting off jobs in 2023.
- Crypto.com has laid off a total of 2,110 employees since 2022.
- Crypto.com founder blames FTX’s downfall for damage within the industry.
Bloomberg Crypto’s official Twitter account posted a list of crypto companies that are cutting off jobs as the crypto industry enters another series of meltdowns in the bear market’s second year.
However, the crypto industry is not the only one braving the cold winds of layoffs and job cuts. As a potential recession looms over global economies, including the US, tech and financial giants Amazon.com Inc (NASDAQ:AMZN)., Goldman Sachs Group Inc (NYSE:GS)., and BlackRock Inc (NYSE:BLK)., are also firing employees on grounds of economic uncertainty in a higher interest rate environment.
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