Coinbase to cut another 20% of its workforce in second round of layoffs
Crypto exchange Coinbase has announced a new restructuring plan that involves reducing its workforce by 950 employees to reduce operational costs in a bear market environment.
![Coinbase will further reduce its workforce by 20% in the second wave of layoffs](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/c7c6ca49-ff17-4808-94c1-7cf113679076.jpg)
![Coinbase to cut another 20% of its workforce in second round of layoffs](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvYzdjNmNhNDktZmYxNy00ODA4LTk0YzEtN2NmMTEzNjc5MDc2LmpwZw==.jpg?#)
Crypto exchange Coinbase has announced a new restructuring plan that involves reducing its workforce by 950 employees to reduce operational costs in a bear market environment.
![Coinbase will further reduce its workforce by 20% in the second wave of layoffs](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/c7c6ca49-ff17-4808-94c1-7cf113679076.jpg)
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