Crypto crash | Fearing a PR fiasco, Coinbase cuts system access for thousands of laid off workers

Fearing a PR fiasco, Coinbase cuts system access for thousands of laid off workers

A cryptocurrency firm is cutting almost a fifth of its workforce following a huge market crash, and has taken steps to ensure disgruntled ex-staff don’t leak confidential information.

Coinbase Global Inc will cut about 1,100 jobs, or 18% of its workforce, as it bids to ride out the extreme volatility currently affecting the crypto market.

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