Coinbase Lays Off 15 Staff Members

  • Coinbase has cut ties with 15 customer support staffers. Any layoffs at Coinbase certainly give ground to speculations about the current state of the company

Coinbase Lays Off 15 Staff Members

Yahoo! Finance has just revealed that Coinbase, a leading San Francisco-based cryptocurrency exchange, has cut ties with 15 customer support staffers. While it can be hardly called a firing spree, any layoffs at Coinbase certainly give ground to speculations about the current state of the company that has been recently valued at a whopping $8 bln.  

As of now, Coinbase is a 550-strong company, so 15 staffers leaving the company doesn’t seem to be a big deal. Those staffers joined the San Francisco-based startup back in 2013 when Coinbase started expanding its customer support team.  

After opening a New York office, the startup led by Brian Armstrong also had a couple of high-profile hires, including Charles Schwab’s vet Chris Dodds.  
 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.