Coinbase lays off 950 employees

Coinbase, the largest cryptocurrency exchange in the U.S., announced a major restructuring plan that will help it weather the broader crypto market downturn. Brian Armstrong, the exchange’s CEO, announced today that Coinbase will lay off around 950 of its employees globally. The move will reduce the company’s operating expense by around 25% quarter over quarter…

Gemini reducing staff by 10% to survive ‘crypto winter’

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is letting 10% of its staff go as it sees a significant drop in trading activity. This is the first time the exchange laid off its staff since it was…