Breaking: Coinbase CEO Brian Armstrong Announces 20% Additional Layoff

Coinbase CEO Brian Armstrong plans to cut an additional 20% of its workforce in order to manage operating expenses amid the ongoing bear market and FTX contagion. Coinbase slashed 18% of its workforce in June last year and will layoff an additional 950 employees as part of the latest decision. The crypto exchange had 4,700 employees at the end of September.