{"id":29879,"date":"2022-06-14T09:30:41","date_gmt":"2022-06-14T13:30:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=29879"},"modified":"2022-06-14T09:30:50","modified_gmt":"2022-06-14T13:30:50","slug":"coinbase-to-terminate-1100-employees-as-crypto-market-bleeds","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-to-terminate-1100-employees-as-crypto-market-bleeds\/","title":{"rendered":"Coinbase To Terminate 1,100 Employees As Crypto Market Bleeds"},"content":{"rendered":"\n<p><a href=\"https:\/\/coinscreed.com\/staging\/veteran-short-seller-warns-coinbase-microstrategy-on-this.html\">Coinbase<\/a> the largest crypto exchange in the United States is set to terminate 1,100 of its total of 5,000 workers<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-109.png\" alt=\"Coinbase To Terminate 1,100 Employees As Crypto Market Bleeds \" class=\"wp-image-29885\" width=\"683\" height=\"428\" \/><figcaption>Coinbase To Terminate 1,100 Employees As Crypto Market Bleeds<\/figcaption><\/figure>\n\n\n\n<p>The recent crypto crash has had a tremendous effect on the general crypto market. Some crypto companies such as Coinbase are taking the bold step of laying off some of their workers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-coinbase-to-lay-off-1-100-workers\">Coinbase To Lay Off 1,100 Workers<\/h2>\n\n\n\n<p>As part of a massive reorganization plan unveiled earlier today, Coinbase, the largest cryptocurrency exchange in the United States, plans to terminate up to 1,100 employees.<\/p>\n\n\n\n<p>This matter is no new news from the company who have notified the public a few weeks back that they have <a href=\"https:\/\/coinscreed.com\/staging\/coinbase-no-longer-hiring-due-to-market-volatility.html\">halted hiring workers<\/a> so as to balance their book, as reported by Coinscreed.<\/p>\n\n\n\n<p>The crypto company presently employs around 5,000 full-time employees, implying that its employment will fall by roughly 18%. <\/p>\n\n\n\n<p>Coinbase joins the list of other crypto companies such as BlockFi and <a href=\"https:\/\/coinscreed.com\/staging\/gemini-review-secure-cryptocurrency-exchange.html\">Gemini<\/a> that have laid off some workers. However, because of adequate financial reserves, Ripple recently declared that it would defy the trend by recruiting more people.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ripple-continues-hiring-despite-crypto-crash\">Ripple Continues Hiring Despite Crypto Crash<\/h2>\n\n\n\n<p>Despite the recent trend, Ripple's CEO, as reported by Coinscreed earlier today, revealed why the company will continue hiring workers.<\/p>\n\n\n\n<p>Ripple has weathered prior bear market downturns by having experienced management, focusing on the long term, and operating transparently. <\/p>\n\n\n\n<p>While many crypto companies have\u00a0halted hiring\u00a0or begun to\u00a0<a href=\"https:\/\/coinscreed.com\/staging\/crypto-com-plans-to-lay-off-5-of-corporate-staff.html\">reduce their workforce<\/a>, Ripple claims that after obtaining a \u201csubstantial\u201d cash reserve, it would be able to expand its workforce even during the down market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase the largest crypto exchange in the United States is set to terminate 1,100 of its total of 5,000 workers The recent crypto crash has had a tremendous effect on the general crypto market. Some crypto companies such as Coinbase are taking the bold step of laying off some of their workers. Coinbase To Lay [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":29885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5501],"class_list":["post-29879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-coinbase-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/06\/image-109.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=29879"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/29879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/29885"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=29879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=29879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=29879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}