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Benzinga
Benzinga
Business
Chris Katje

'Plan For The Worst So We Can Operate The Business Through Any Environment,' Coinbase CEO Announces 18% Staff Reduction

Coinbase Environment Brian Armstrong Coinbase Global Crypto Cryptocurrency

Cryptocurrency trading platform Coinbase Global (NASDAQ:COIN) announced a restructuring plan and the expectation for job cuts Tuesday morning, sending shares lower. Here are the details.

What Happened: Coinbase announced a restructuring plan to help control operating expenses in response to current market conditions.

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