Coinbase has announced that it will reduce the number of employees by 18%.
Coinbase, the largest US crypto-asset trading platform, filed a document with the US Securities and Exchange Commission (SEC) on Tuesday. According to the statements in the document, the company will reduce the number of employees by 18%. According to the notification made within the scope of the cost reduction plan, the company started to reduce the number of employees as of June 10. The company will have a total of 5,000 employees left at the end of this quarter. In addition, the said plan is expected to be implemented by the end of this quarter.
As we previously reported, Coinbase had stopped hiring and announced that it would reduce the number of employees.
