$COIN Rescinds Some Job Offers

Fox Business News Headline: Coinbase to extend hiring pause, rescind some accepted job offers

Coinbase ended Q1 2022 with 4,948 full-time employees, up 33% from Q4 2021


Coinbase will extend a hiring pause and rescind some job offers in response to “current market conditions and ongoing business prioritization efforts.”

The moves come roughly two weeks after the cryptocurrency exchange started slowing down hiring.

“It’s become evident that we need to take more stringent measures to slow our headcount growth,” L.J. Brock, chief people officer at Coinbase, said in a blog post on Friday. “Adapting quickly and acting now will help us to successfully navigate this macro environment and emerge even stronger, enabling further healthy growth and innovation.”