Home » Sources: Cloud Software Group, the parent company of Citrix and Tibco, begin layoffs impacting thousands of employees (Wade Tyler Millward/CRN)

Sources: Cloud Software Group, the parent company of Citrix and Tibco, begin layoffs impacting thousands of employees (Wade Tyler Millward/CRN)

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Brian Armstrong / Coinbase: A message from CEO and Co-Founder, Brian Armstrong, to Coinbase employees

SEC.gov: Coinbase Global, Inc.: Form 8-K

Isabella Simonetti / New York Times: Coinbase Lays Off Another 20% of its Employees

Manya Saini / Reuters: Crypto exchange Coinbase to cut nearly 1,000 jobs

Adam Morgan McCarthy / The Block: Coinbase to cut 20% of staff in latest round of layoffs

Decrypt: Coinbase Announces Further Layoffs, Cutting Headcount by 950 Employees

Jocelyn Yang / CoinDesk: Crypto Markets Today: Coinbase Announces More Job Cuts Amid Market Jitters

Jaclyn Diaz / NPR: Coinbase lays off around 20% of its workforce as crypto downturn continues

Manish Singh / TechCrunch: Coinbase to cut 20% jobs, abandon ‘several’ projects to weather downturns in crypto market

Philip Lagerkranser / Bloomberg: Coinbase to Cut Workforce by About 950 Employees in Crypto Slump

Financial Times: Coinbase to slash a fifth of workforce as crypto crisis deepens

Jon Porter / The Verge: Coinbase lays off a fifth of staff as crypto downturn continues

Ben Strack / Blockworks: Coinbase Cost-cutting Signals Shift in Focus, Analysts Say

Helen Partz / Cointelegraph: Coinbase to cut another 20% of its workforce in second wave of layoffs

The Daily Hodl: Galaxy Digital CEO Mike Novogratz Says 2023 Will Be Year ‘To Survive’ for Crypto Industry – Here’s Why

Wall Street Journal: Coinbase to Cut Nearly 1,000 Jobs

Laurie Dunn / Crypto Daily: Coinbase Lays Off Nearly 1000 Jobs In Second Cut In A Year

Varinder Singh / CoinGape: Breaking: Coinbase CEO Brian Armstrong Announces 20% Additional Layoff

Andjela Radmilac / CryptoSlate: Coinbase lays off 950 employees

Daniel Feininger / SlashGear: Coinbase Announces Another Major Round Of Layoffs, This Time Cutting 20% Of Its Workforce

Dan Ashmore / CoinJournal: What is happening at Coinbase? Another 20% of employees laid off

Arba Halpin / Ethereum World News: Coinbase Investors Cheer 6% Stock Surge Following 950 Job Cut Announcement

Mark Toon / Protos: Coinbase proves strategy works by axing 1,000 employees

Kris Holt / Engadget: Coinbase is laying off another 950 workers amid a crypto market downturn

Jared Kirui / ZyCrypto: Coinbase Continues Staff Layoffs Citing ‘Ongoing Market Conditions’

JD Alois / Crowdfund Insider: Coinbase to Slash Employees by 950, Expects to Lose $500 Million for FY 2022

Brian Koome / Cryptopolitan: Coinbase fires 950 employees

PYMNTS.com: Coinbase Cuts Staff by 20% to Weather Crypto Downturn

Reynaldo Marquez / Bitcoinist.com: Crypto Winter Gets Chiller: Coinbase Cuts 1,000 Positions

Kyt Dotson / SiliconANGLE: Coinbase cuts 20% more of workforce amid crypto market downturn

Leo Schwartz / Fortune: Coinbase just announced it’s laying off 25% of its staff amid broader cuts in the crypto industry

Jody Serrano / Gizmodo: Coinbase Lays Off 20% of Staff, Warns of ‘Further Contagion’ in Crypto

Benson Toti / Invezz: Coinbase to lay off another 20% of its workforce

Daniel Levi / Tech News: Coinbase to lay off around 1,000 employees as crypto contagion deepens

Karl Evers-Hillstrom / The Hill: Coinbase laying off nearly 1,000 employees amid crypto downturn

Jamie Crawley / CoinDesk: Coinbase Cuts Around 20% of Workforce as Crypto Winter Rages

Tweets:

@deitaone: COINBASE GLOBAL INC – ON JANUARY 10, 2023, COMPANY ANNOUNCED A FURTHER RESTRUCTURING PLAN COINBASE GLOBAL INC- RESTRUCTURING PLAN INVOLVES A REDUCTION OF THE COMPANY’S WORKFORCE BY APPROXIMATELY 950 EMPLOYEES $COIN

Manya Saini / @manya__saini: “We also saw the fallout from unscrupulous actors in the industry, and there could still be further contagion,” Coinbase CEO Brian Armstrong said $COIN expects to incur about $149 million to $163 million in restructuring expenses. @Reuters story with @NiketNishant https://twitter.com/…

Myles Udland / @mylesudland: “As part of a headcount reduction like this, we will be shutting down several projects where we have a lower probability of success.” https://twitter.com/…

David Gura / @davidgura: Coinbase CEO Brian Armstrong, in a memo to staff: “I’ve made the difficult decision to reduce our operating expense by about 25% Q/Q, which includes letting go of about 950 people.” https://www.coinbase.com/…

Joe Weisenthal / @thestalwart: $COIN “Therefore, I’ve made the difficult decision to reduce our operating expense(1) by about 25% Q/Q, which includes letting go of about 950 people(2). All impacted team members will be informed by today.” — @brian_armstrong https://www.coinbase.com/…

Parker / @pt: I hope everybody involved ends up landing on their feet, but I’m really getting mixed messages from the folks at Coinbase. https://twitter.com/…

Dare Obasanjo / @carnage4life: Coinbase plans to lay off 20% of its workforce (950 people) after layoffs of 1,100 people in June. It looks like they had a bad Q4 of last year and I expect they won’t be the last tech company to go back to the layoff well after a bad holiday season. https://techcrunch.com/…

Eliot Brown / @eliotwb: Crypto CEO: “In 2022, the crypto market trended downwards along with the broader macroeconomy” https://www.coinbase.com/…

@basedkarbon: @TheStalwart @brian_armstrong Again?! Bullish for $coin actually. They over hired during the supercycle and gave thousands of people 7-figure stock options. Fire them all so we can moon. Then Coinbase will have to go on a hiring spree next cycle.

Alex Kantrowitz / @kantrowitz: The rapidly shrinking Coinbase shrinks some more. https://www.cnbc.com/… via @Kr00ney

Rohit Krishnan / @krishnanrohit: I continue to be absolutely flabbergasted that Coinbase has 5000 employees … https://twitter.com/…

@tante: The weird thing about coinbase is really just _how many_ people they imployed. https://twitter.com/…

Matthew Goldstein / @mattgoldstein26: Days after it agrees to pay $50 million fine and spend $50 million on bolstering it’s KYC and AML compliance programs https://twitter.com/…

Kate Rooney / @kr00ney: ?Coinbase to slash 20% of workforce in second major round of job cuts CEO @brian_armstrong points to macro environment & recent pressure on crypto thanks to “unscrupulous actors in the industry” Move will lower $COIN operating expenses by 25% https://www.cnbc.com/…

Joe Weisenthal / @thestalwart: 11% decline in $COIN in a matter of minutes https://twitter.com/…

Ari Levy / @levynews: From Dec. 2017 until June 2022, Coinbase’s workforce grew from 200 to ~5,800. From June 2022 until Jan. 2023, Coinbase’s workforce shrank from ~5,800 to ~3,750. via @Kr00ney https://www.cnbc.com/…

@davidgerard: Coinbase lays off another 950 staff 8-K: https://www.sec.gov/… blog post: https://www.coinbase.com/… after expected $500m loss for Q4 2022

@deitaone: COINBASE GLOBAL SHARES UP 2.9% PREMARKET AFTER CO TO CUT ABOUT 950 JOBS $COIN https://twitter.com/…

@cryptonator1337: Coinbase firing 25% of their staff is… not bullish, if you ask me.

Joe Weisenthal / @thestalwart: $COIN +9% Weird chart so far this morning https://twitter.com/…

@buccocapital: IMHO this will be the story of 2023 for tech/tech adjacent businesses The slow realization that the pump isn’t returning, and their cost structures are simply out of wack. Coinbase is just one example. Here’s another: Wayfair has a market cap of $4B…they have 16k employees https://twitter.com/…

Tony Yates / @t0nyyates: Let us grieve for a moment that 4000 or so people are still employed doing this when they could be doing something useful. https://twitter.com/…

Wu Blockchain / @wublockchain: Breaking: Coinbase announced another 950 layoffs today. In June 2022, Coinbase laid off 1,100 people, accounting for 18% of the total number of employees. https://www.coinbase.com/…

Mike Dudas / @mdudas: Coinbase right-sizing https://www.theblock.co/…

Joe Weisenthal / @thestalwart: In @brian_armstrong’s letter announcing layoffs at Coinbase, what “broader economic downturn” is he referring to? The unemployment rate is at its lowest level in 50 years. https://www.coinbase.com/… https://twitter.com/…

@degencryptoinfo: runway increased another 1-2 quarters 8-10 quarters for the next cycle https://twitter.com/…

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