Cryptocurrency Companies Reduce Hiring In Response To Market Downturn

Coinbase Global Inc (NASDAQ: COIN) revoked employment offers to people who accepted them and announced a slowing of its hiring pace in recent weeks. Another cryptocurrency exchange, Gemini Trust Co., lost 10% of its workforce, citing the effects of the market downturn, writes WSJ.

In response to the ongoing crypto price collapse, cryptocurrency firms have slowed their spending frenzy.

RelatedCoinbase Plans To Slow Hiring Amid Crypto Market Downturn

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