Market Recession

In the view of recession, the leading crypto exchange Coinbase announced to lay off 18% of its workforce, Due to the economic crisis, Coinbase's CEO Brian Armstrong, said the company over-hired and considering the financial situation had to lay off over 1,000 employees. "We always plan for the worst so we can operate the business through any environment," said Armstrong.  Notablym, in 2021, the company had 1,250 employees.