EUR/USD 1.17747
0.156%
Gold 3334.89
0.269%
Oil 65.635
-1.022%
USD/JPY 144.562
-0.237%
GBP/USD 1.36511
-0.031%
GBP/JPY 197.337
-0.256%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Bank of England Governor Baileys speech will be released in ten minutes.July 5: Floodwaters in the area near the Guadalupe River in Texas, the United States, are gradually receding. According to local officials, at least 237 people have been rescued so far. More than 20 girls who were attending a summer camp in the area are still missing.July 5th news: On July 5th local time, the BRICS Business Forum opened in Rio de Janeiro, Brazil. Brazilian President Lula and Vice President Gerardo Alckmin attended the opening ceremony of the forum. In his opening speech, Lula emphasized the important contribution of BRICS countries to global economic development, saying that 40% of the current global GDP is contributed by BRICS members, and the economic growth rate of BRICS countries will reach 4% in 2024, which is higher than the global economic growth rate of 3.3% that year. Lula said that with the rise of global protectionism, emerging countries should jointly defend the global multilateral trading system and reshape the international financial architecture.Ukraines top military commander, Oleksandr Silsky, warned on Saturday that Russia could launch a new offensive in the Kharkiv region, a region in northeastern Ukraine that has been ravaged by fighting since the conflict erupted in 2022.The statement showed that the British government made its first ministerial visit to Syria in 14 years and re-established diplomatic relations with Syria.

Coinbase to Slash 20% of Workforce and Abandon ‘Several Projects’

Cory Russell

Jan 11, 2023 14:30

微信截图_20230111103422.png


When Coinbase said on Tuesday that it is laying off nearly a fifth of its workers in an effort to save funds amid the current bear market in cryptocurrencies, the cryptocurrency sector received more bad news.


Shares of Coinbase are trading unchanged in the pre-market after rising more than 15% on Monday after experts predicted it would gain from the collapse of FTX.


Coinbase has decided to scale down operations, joining a host of other significant tech companies that have already made this decision after recruiting like crazy during the epidemic. Genesis, Gemini, and Kracken are a few more cryptocurrency companies that have announced similar employment cutbacks.


They join companies like online retailer Amazon, which said this week that it will eliminate 18,000 positions, which is more than the business had anticipated last year. Salesforce also decreased its workforce by more than 7,000 employees, or 10%. In addition, after assuming ownership of Twitter late last year, Elon Musk reduced its employment by nearly 50%. Finally, Meta cut more than 11,000 positions, or 13%, from its staff.

Coinbase wants to cut costs

According to a blog post that was published Tuesday morning, Coinbase stated it will be laying off roughly 950 employees. The exchange, which had around 4,700 workers as of the end of September, had previously reduced 18% of its staff in June, citing the need to control expenses and its "very rapid" growth during the bull market.


Suggestion