Coinbase lays off 18% of its workforce
Coinbase lays off 18% of its workforce
- Jun 15, 2022
- 468 views
- 0 comments
-
Share
Mr. Armstrong wrote, "At the time, we were in the early innings of the bull run and adoption of crypto products was exploding. There were new use cases enabled by crypto getting traction practically every week." At the beginning of 2021, the company had 1,250 employees and Mr. Armstrong said it "grew too quickly." On June 2nd, Coinbase said it would rescind job offers and extend its hiring freeze to battle the economic downturn.
As the layoff announcement went out on Tuesday, it signaled further stress on the platform as market drops hit cryptocurrency assets. The company offers benefits for employees who are laid off. According to Mr. Armstrong's note, these include at least 14 weeks’ severance pay, four months of COBRA health coverage in the United States, four months of mental health support and assistance finding new work.
Source: The New York Times
- 468 views
- 0 comments
Tags In
UpskillYou might also like
Best tech jobs in the United States : BLS data
- Sep 06, 2022
- 1263 views
- 0 comments
For several reasons, the IT sector is appealing to job seekers. ...Read more
Salaries for Californian fast food employees might rise to $22 per hour
- Sep 06, 2022
- 793 views
- 0 comments
Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more
Workers leave as job dissatisfaction grows
- Aug 17, 2022
- 1300 views
- 0 comments
Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more
Microsoft offers graduates from African nations job prospects in the US & Canada
- Aug 17, 2022
- 777 views
- 0 comments
New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more
Casper is hiring professional sleepers
- Aug 10, 2022
- 1338 views
- 0 comments
A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more
Category
-
Mental Wellness
-
Eligibility Verification (I-9)
-
Global Mindset
-
Retention
-
Downsizing
-
Overtime Eligibility &
-
Opening & Closing
-
Disability Benefits
-
Workplance Violence
-
Retirement & Recognitions
-
Drug & Alcohol Testing
-
Job Applications &
-
Consultation
-
Communicable Diseases
-
Employment Testing
-
Contemporary Issues
-
Benefits Reporting & Disclosure
-
Policies & Practices
-
Leave Management
-
HR Software
-
Salary Surveys
-
Discrimination
-
Paid Leave
-
Business Continuity
-
Religious Accomodations
-
Health Care Benefits
-
Parental Leave
-
Campus Placement
-
Business Acumen
-
Onboarding
-
Retaliation
-
Overtime Pay
-
Substance Abuse
-
Work Visas
-
Cybersecurity
-
Termination
-
Pay Equity
-
Closing
-
Workforce Planning
-
Work Life Integration
-
Flexible Spending Account
-
Environmental Health Hazards
-
Change Management
-
Disability Accomodations
-
Raise
-
People Management
-
Leadership &
-
Investigations
-
Open Enrollment
-
Ethical Practice
Articles
Last year, about 4,478,000 workers, which is approximately 3% of the workforce in the US (besides t ...Read more
When it comes to the talks of the unemployment rate due to COVID-19, experts compare it to the Grea ...Read more
There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...Read more
Just as the candidates need the right jobs to secure their future, the companies also need the righ ...Read more