news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    Bitcoin At MAJOR Crossroads (IS BTC PRICE ABOUT TO CRASH?)

    ये Coins कर सकते बर्बाद ‼️  Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    ये Coins कर सकते बर्बाद ‼️ Solana Bad news | 30 दिसंबर को बड़ी हलचल | Cryptocurrency | crypto news

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    🔥 100X POTENTIAL? 🔥 LONG TERM BNB PRICE PREDICTION – Crypto News Today

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    Last Chance to Buy Ada (Cardano) || Ada (Cardano) Price Prediction || Ada News Today || Ada Update

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    20/12/2022 Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    🚀Binance ने Cryptowalo को Goodnews दी ✅️🚀| Cryptocurrency | Shiba inu news today

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Emergency ♦️ बंद हो गया था Binance ⚠️ | Crypto News Today | Cryptocurrency | Bitcoin

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    Top 3 Crypto Binance Upcoming Listing | top cryptocurrency to invest in 2023 | Crypto news today |

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

    ELON MUSK’S HUGE WARNING! 🚨 CRYPTO NEWS TODAY 🔥 CRYPTOCURRENCY NEWS LATEST! 🔥 BITCOIN NEWS TODAY

No Result
View All Result
news4global
No Result
View All Result
Home Market

Despite Layoffs, Hiring At Crypto Exchange Coinbase Up 33 Percent In Q2 2022

September 6, 2022
Reading Time: 3 mins read
0
Despite Layoffs, Hiring At Crypto Exchange Coinbase Up 33 Percent In Q2 2022
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Silvergate Faces US Fraud Probe Over FTX and Alameda Dealings – Bloomberg

February 2, 2023
Judge dismisses proposed class-action suit alleging Coinbase securities sales

Judge dismisses proposed class-action suit alleging Coinbase securities sales

February 1, 2023

New Delhi: Despite laying off 1,100 employees, leading cryptocurrency exchange Coinbase, its full-time employee count stood at 4,977 at the end of the June quarter (Q2) — a 33 percent rise from the 3,730 workers it had at the end of Q4 2021, a report showed on Monday.

According to data provided by niche news publisher BanklessTimes.com, this is in stark contrast to the 18 percent reduction in workforce that Coinbase announced in June.

“Coinbase is currently advertising several full-time vacancies across a range of functions, including engineering, customer support, and marketing,” said BanklessTime’s Jonathan Merry.

While it’s true that the firm has made some redundancies, “it’s important to remember that it’s still growing. So while it may be trimming its workforce in some areas, the data suggests that it’s still expanding overall,” Merry added.

ALSO READ: Coinbase Faces US SEC Probe Over Improper Crypto Listings: Report

While Coinbase is one of the most valuable companies in crypto, it still has a long way to go to catch up to Google. The search giant employs more than 100,000 people and has a market cap of more than $1.4 trillion.

“The current market conditions are tough for everyone in crypto. However, it’s important to remember that the industry is still young and growing. While some companies are struggling, others are still hiring and expanding,” said the report.

Coinbase also faces stiff competition from other exchanges like FTX and Binance, which have been aggressively hiring in recent months.

ALSO READ: Coinbase Lays Off 1,100 Employees, 8 Percent Of India Team Affected; Axed Employee Shares Emotional Post

FTX, for example, has more than doubled its workforce over the past year.

Binance, which is headquartered in Malta, has also been on a hiring spree. The company now employs more than 3,000 people, up from just 1,000 in 2019.

Coinbase reported a massive loss in both revenue and profit in the June quarter — logging $1.1 billion in net loss as revenue declined from $2.033 billion to $803 million from a year-ago quarter which is a sharp drop of nearly 60 percent.

In quarterly terms, net revenue of Coinbase was down 31 percent compared to Q1, driven by lower trading volume.

(This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

Tags: CoinbaseCoinbase Fire EmployeesCoinbase FiringCoinbase HiringCoinbase Hiring EmployeesCoinbase LayoffsCoinbase NewsCryptocrypto newsCryptocurrencycryptocurrency news
Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Silvergate Faces US Fraud Probe Over FTX and Alameda Dealings – Bloomberg

by admin
February 2, 2023
0

Silvergate Faces US Fraud Probe Over FTX and Alameda Dealings  Bloomberg

Judge dismisses proposed class-action suit alleging Coinbase securities sales

Judge dismisses proposed class-action suit alleging Coinbase securities sales

by admin
February 1, 2023
0

A proposed class action suit against cryptocurrency exchange Coinbase, Coinbase Global and CEO Brian Armstrong alleging unregistered securities sales was...

UK sets out plans to regulate crypto and protect consumers

UK sets out plans to regulate crypto and protect consumers

by admin
February 1, 2023
0

The government will set out ambitious plans to robustly regulate cryptoasset activities – providing confidence and clarity to consumers and...

Treasury reveals ‘world-first’ proposals to regulate cryptocurrency | Science & Tech News

Treasury reveals ‘world-first’ proposals to regulate cryptocurrency | Science & Tech News

by admin
January 31, 2023
0

The Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of...

SEC settles on security claim in LBRY case, community calls it a big win for crypto

SEC settles on security claim in LBRY case, community calls it a big win for crypto

by admin
January 31, 2023
0

The United States Securities and Exchange Commission (SEC) admitted on record that the sale of LBRY tokens in the secondary...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Billionaire Draper Pitches Sri Lanka on Bitcoin, Gets Rejected – Bloomberg

February 3, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Silvergate Faces US Fraud Probe Over FTX and Alameda Dealings – Bloomberg

February 2, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Federal lawmakers eye cryptocurrency regulations – FOX21News.com

February 2, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

The Institute of Internal Auditors' General Audit Management … – PR Newswire

February 2, 2023

Latest News

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Billionaire Draper Pitches Sri Lanka on Bitcoin, Gets Rejected – Bloomberg

February 3, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Silvergate Faces US Fraud Probe Over FTX and Alameda Dealings – Bloomberg

February 2, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global