{"id":1023021,"date":"2022-06-15T04:12:48","date_gmt":"2022-06-15T08:12:48","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1023021"},"modified":"2022-06-15T04:12:48","modified_gmt":"2022-06-15T08:12:48","slug":"18-of-coinbase-employees-laid-off-due-to-crypto-recession","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1023021","title":{"rendered":"18% of Coinbase Employees Laid-Off Due to Crypto Recession"},"content":{"rendered":"
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Coinbase Global Inc\u2019s decision to cut its global workforce has seen the company\u2019s staff in India also being affected. Although this did impact its India hub, the cuts were much lower than the global average. Approximately ~ 8% of its India team was affected, according to Coinbase\u2019s Senior Director Durgesh Kaushik in a tweet. To put in perspective, one in twelve of the crypto exchange\u2019s employees in India have been laid off.<\/p>\n

\u201cDespite these challenges, India remains a priority market for Coinbase & a strategic long-term growth bet. We are excited to announce that Arnab Kumar just joined us as Director of India Market Expansion to start building foundational partnerships and operations in the country,\u201d Kaushik added.<\/p>\n

The company had announced that India will be the firm\u2019s technology hub to develop global products and half of the new hires will be engineers and said that the nation will account for a quarter of the total 2,000 people that Coinbase plans to hire across product, engineering, and design in 2022.<\/p>\n

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Coinbase lays off 18% of its workforce and warns of \u2018crypto winter\u2019 <\/h2>\n<\/p><\/div>\n
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Crypto exchange Coinbase is laying off 18% of its employees as the digital currency market continues to crumble.<\/p>\n

\t\tContinue reading on CNN<\/span> <\/a>\n\t<\/div>\n<\/div>\n

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Coinbase, Intel, Tesla: All of the tech companies hitting the brakes on hiring <\/h2>\n<\/p><\/div>\n
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Over the last two months, a number of technology companies or venture capital-backed firms have announced plans to either freeze hiring, rescind accepted offers, or lay off employees.<\/p>\n

\t\tContinue reading on <\/a>\n\t<\/div>\n<\/div>\n

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Coinbase CEO Tweets \u2018Quit And Find A Company You Believe In\u2019 To Disgruntled Employees <\/h2>\n<\/p><\/div>\n
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Coinbase employees, who were concerned over the recent news of rescinded offers and other decisions taken by management, started an online petition to remove top executives from the company.<\/p>\n

\t\tContinue reading on Forbes<\/span> <\/a>\n\t<\/div>\n<\/div>\n

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\nSource: TG Daily – 18% of Coinbase Employees Laid-Off Due to Crypto Recession<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase Global Inc\u2019s decision to cut its global workforce has seen the company\u2019s staff in India also being affected. Although this did impact its India hub, the cuts were much lower than the global average. Approximately ~ 8% of its … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1023022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[108,110],"tags":[109],"class_list":["post-1023021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tg-daily","category-unfiltered-rss","tag-tg-daily"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1023021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1023021"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1023021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1023022"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1023021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1023021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1023021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}