Coinbase reduces hiring. Coinbase CPO L.J.
Brock revealed that Coinbase is pausing recruiting and rescinding employment offers previously accepted by potential employees
The adjustment comes as the cryptocurrency market continues to go south, pulling stablecoins with it.
Coinbase began slowing recruiting in mid-May to ensure "success through and beyond the current slowdown," but this decision halts hiring entirely.
Brock said the freeze will also effect backfills, or replacement staff.
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