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Axios
Axios
Business

Coinbase lays off 1,100 full-time workers over recession fears

Coinbase Recession Crypto Brian Armstrong Los Angeles

Coinbase Global said Tuesday morning that the crypto exchange would lay off roughly 18% of its workforce, or about 1,100 full-time jobs.

Why it matters: Layoffs and rescinded job offers are starting to become more commonplace amid fears of an economic downturn leading to an extended crypto winter.

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