Coinbase-anställda drabbas återigen av uppsägningar
- Coinbase har återigen minskat sin personalstyrka med 20% och 950 anställda har sagts upp.
- Börsen kommer att minska sina kostnader med 25% och kommer att stänga alla sina projekt som har låg sannolikhet att lyckas.
- CEO Brian Armstrong confirmed that his exchange is “well capitalized, and crypto isn’t going anywhere.”
- Alla anställda i USA kommer att få minst 14 veckors grundlön (2 extra veckor per arbetat år), sjukförsäkring etc.
Crypto businesses had taken a heavy beating in 2022 and it seems that a new year hasn’t changed much as there are already rumors of some crypto exchanges facing financial troubles. As investors enter the second week of 2023, the largest crypto exchange in the US, Coinbase, let go of a significant number of employees owing to the worsening crypto climate and declining trading volumes.
Enligt en meddelande av Coinbase den 10 januari bekräftade VD Brian Armstrong att hans företag släpper 20% av sina anställda. Intressant nog släppte börsen en liknande andel av sin arbetsstyrka 2022 efter att ha lidit betydande förluster i sina verksamheter på grund av en nedgång i det allmänna intresset för kryptoutrymmet efter tjurmarknaden 2021.
Armstrong noted that in 2022, “the crypto market trended downwards along with the broader macroeconomy,” and as a result, Coinbase “also saw the fallout from unscrupulous actors in the industry, and there could still be further contagion.” The executive also confirmed that his exchange is “well capitalized, and crypto isn’t going anywhere.”
“I believe recent events will ultimately end up benefiting Coinbase greatly (a large competitor failing, emerging regulatory clarity, etc.), and they validate our long term strategy. But it will take time for these changes to come to fruition and we need to make sure we have the appropriate operational efficiency to weather downturns in the crypto market, and capture opportunities that may emerge,” Armstrong said.
The CEO of Coinbase confirmed that it is letting go of 950 people and is also reducing its operating cost by around 25% due to the presence of bears in the crypto space and the fall in price of Bitcoin (BTC), the world’s biggest crypto coin. Armstrong noted that “while some of the factors that have brought us to this point are beyond our control, accountability rests with me as the CEO.”
Additionally, the Coinbase executive revealed that his exchange has gone through several crypto bear markets in its decade-long existence but noted that “this is the first time we’ve seen a crypto cycle coincide with a broader economic downturn.”
“We also reduced headcount last year as the market started to correct, and in hindsight, we could have cut further at that time,” said Armstrong.
Börsen stänger också ner flera kryptoprojekt som har lägre sannolikhet att lyckas. Det Nasdaq-noterade bolaget uppgav att det kommer att avslöja mer om de finansiella detaljerna i sin resultatupplysning i februari. Coinbase bekräftade att de anställda som släpps kommer att få ett heltäckande paket, och de som arbetat i USA kommer att få minst 14 veckors grundlön (2 extra veckor per arbetat år), sjukförsäkring och andra förmåner.
Armstrong tog också ett skott på kollaps av FTX and stated that “dark times also weed out bad companies, as we’re seeing right now.” Interestingly, the exchange has recently samarbetat med Google och har också varit greenlit för att verka i Singapore.