Coinbase pauses hiring as crypto and tech stocks fall
Coinbase (NASDAQ: COIN) told its staff on Tuesday that it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its workforce in 2022
By Yashasvini Razdan
Published - May 17, 2022, 07:43 PM ET
Last Updated - Feb 28, 2024, 07:35 AM EST
• Coinbase reported a 27% decline in revenues in the first quarter
Coinbase (NASDAQ: COIN) told its staff on Tuesday that it would slow hiring and reevaluate its headcount, reversing earlier plans to triple its workforce in 2022.
“Given current market conditions, we feel it’s prudent to slow hiring and reassess our headcount needs against our highest-priority business goals,” Emilie Choi, Coinbase’s chief operating officer, said in a blog post.
