{"id":69901,"date":"2022-11-11T10:15:51","date_gmt":"2022-11-11T08:15:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69901"},"modified":"2025-09-07T22:46:48","modified_gmt":"2025-09-07T19:46:48","slug":"coinbase-cuts-more-than-60-jobs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-cuts-more-than-60-jobs\/","title":{"rendered":"Coinbase cuts more than 60 jobs"},"content":{"rendered":"<p>The American bitcoin exchange Coinbase has laid off more than 60 employees, continuing to streamline its staff amid a market downturn. <a href=\\\"https:\/\/www.coindesk.com\/business\/2022\/11\/10\/coinbase-sheds-roughly-60-jobs-as-cost-cutting-continues-amid-bear-market\/\\\">CoinDesk<\/a>, citing a company spokesperson, reports.<\/p>\n<p>\\n\\n<\/p>\n<p>He said the cuts affected the recruiting and institutional units.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cThese are isolated and targeted actions by two teams aimed at helping Coinbase operate as efficiently as possible,\u201d the source explained.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>In June, <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-to-cut-about-18-of-its-staff\">announced a staff reduction<\/a> of about 18% due to the crypto winter.<\/p>\n<p>\\n\\n<\/p>\n<p>According to the third-quarter report, the American bitcoin exchange&#8217;s <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-nearly-halves-losses-in-q3\">net loss amounted to $545 million<\/a>, versus $1.1 billion in the prior period. Revenue from transaction fees fell by 44%.<\/p>\n<p>\\n\\n<\/p>\n<p>On November 3, <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-product-chief-resigns\">announced his resignation<\/a> as Coinbase&#8217;s product director, Surodjit Chatterjee. He noted that he would continue to work with the company as an advisor to CEO Brian Armstrong.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier, the exchange chief <a href=\"https:\/\/u1f987.com\/en\/news\/brian-armstrong-says-the-ftx-crisis-has-no-impact-on-coinbase\">ruled out<\/a> the influence of the crisis in which <a href=\"https:\/\/u1f987.com\/en\/news\/binance-abandons-bid-for-ftx-justin-sun-says-he-will-help-find-a-solution\">the FTX platform<\/a> found itself, on Coinbase and its users.<\/p>\n<p>\\n\\n<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The American bitcoin exchange Coinbase has laid off more than 60 employees, continuing to streamline its staff amid a market downturn. CoinDesk, citing a company spokesperson, reports.<\/p>\n","protected":false},"author":1,"featured_media":69902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,138],"class_list":["post-69901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-coinbase"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=69901"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69901\/revisions"}],"predecessor-version":[{"id":69903,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69901\/revisions\/69903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69902"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}