popular cryptocurrency exchange platform coinbase terminate 1,100 employees

Coinbase debuted on the public market last April after a watershed year for cryptocurrencies

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[{"selector":"#anim-6c5fb4d3-cdb5-4e59-ad44-49f0809dec4b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d0fc2168-d60a-4c1a-805d-13422aa4d82b","keyframes":{"transform":["translate3d(0px, 117.88812%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Coinbase on Tuesday announced plans to lay off about 18% of the organization's group of workers due to ongoing uncertain market and Modern marketplace situations.

[{"selector":"#anim-3f9f052c-93af-4757-b19b-e88d695bb982","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-432196e7-8bb2-4607-a312-84a6a8ae383e","keyframes":{"transform":["translate3d(0px, 114.44447%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Coinbase expects to have about 5000 employees after "significantly" completing the cuts by means of the end of this month.

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[{"selector":"#anim-89584504-ff8a-452b-85e5-490bf8c014b2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f1d3c09-a001-46d6-9c2f-c87ed5e1ebd9","keyframes":{"transform":["translate3d(0px, 113.75659%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] WatchOS9 will also include new watch faces including an astronomy face and the lunar calender.