Cryptocurrency at its peak, Coinbase is cutting 18% of employees

The crypto crash is hurting Coinbase very badly, which has announced an 18% cut in its workforce. The San Francisco-based exchange platform has between 5 and 6,000 full-time employees worldwide, and the cut is expected to include 1,100 jobs.

The news was leaked from an email that executives sent to employees. It is a direct result of what is happening in the cryptocurrency world, which is struggling with a resounding crash. Also by virtue of…

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