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Coinbase Global (COIN) said in an SEC filing Tuesday it would lay off approximately 20% of its staff, or around 950 employees, as part of larger cost-cutting Many people believe that the notion will not be carried forward into 2025, but Coinbase has indicated a different narrative. The Coinbase CFO hinted at the possibility of Crypto exchange Coinbase announced a further restructuring plan that involves reducing its workforce by 950 employees to cut operational costs amid the bear Cryptocurrency trading platform Coinbase plans to cut approximately 20% of its workforce, or about 950 employees, in its latest round of layoffs in less than a year. How did Coinbase get to this position? Before we look at the current financial performance of Coinbase, it’s important that we take a step back to see how it got here. Coinbase had a full-year revenue of $7.84 billion in 2025, a 500% year-over-year growth from the Ver más Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan that marks the third round of layoffs for the Cryptocurrency exchange Coinbase is laying off a further 20% of its staff, or 950 employees, in the company’s latest round of layoffs, and reducing its operating expenses

Coinbase CFO Indicates Further Layoffs in 2023: What's Happening at the Crypto Giant?

Cryptocurrency trading platform Coinbase is making headlines again, but this time not for a positive reason. Concerns are rising as the Coinbase CFO hinted at the possibility of further restructuring, sparking questions about the company's future and stability.

Coinbase Announces Another Round of Layoffs: 950 Employees Affected

In a move to cut operational costs amid the bear market, Coinbase Global (COIN) said in an SEC filing Tuesday it would lay off approximately 20% of its staff, or around 950 employees, as part of larger cost-cutting measures. This marks the third round of layoffs for the Cryptocurrency exchange Coinbase in a relatively short period, raising eyebrows within the industry.

This recent announcement means Cryptocurrency exchange Coinbase is laying off a further 20% of its staff, or 950 employees, in the company’s latest round of layoffs, and reducing its operating expenses. The Crypto exchange Coinbase announced a further restructuring plan that involves reducing its workforce by 950 employees to cut operational costs.

Why is Coinbase Laying Off Employees? Understanding the Financial Situation

The big question is: How did Coinbase get to this position? Before we look at the current financial performance of Coinbase, it’s important that we take a step back to see how it got here. The company is facing pressure due to the prolonged crypto winter and declining trading volumes.

While Coinbase had a full-year revenue of $7.84 billion in 2025, a 500% year-over-year growth from the previous year, the current market conditions are presenting significant challenges. Coinbase Global Inc said on Tuesday it will cut about 950 jobs, or 20% of its workforce, as part of a restructuring plan.

Will There Be More Layoffs in 2023 and Beyond?

Many people believe that the notion will not be carried forward into 2025, but Coinbase has indicated a different narrative. While there's no definitive answer, the CFO's hints suggest that further cost-cutting measures, including potential layoffs, cannot be ruled out in 2023.

Coinbase plans to cut approximately 20% of its workforce, or about 950 employees, in its latest round of layoffs in less than a year.

Stay tuned for updates as this story develops. We will continue to monitor the situation and provide you with the latest information on Coinbase and the crypto market.

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