Google is another Big Tech company expected to take harsh steps to reduce its headcount in early 2023. Google layoffs in 2023 could see as many as 11,000 employees lose their jobs. aaa
Coinbase said that it is laying off around 18 per cent of its workforce as Bitcoin continues to fall. In a new blog post, CEO Brian Armstrong said that the company "over hired" in 2021.
The company said it expects to incur about $40 million to $45 million in total restructuring expenses, substantially all related to employee severance and other termination benefits. This comes amid crash in crypto market