Coinbase backtracks on its hiring plans, citing crypto market turmoil

Coinbase, the third-largest crypto exchange by volume, has changed its tune on hiring amid a market downturn.
“Heading into this year, we planned to triple the size of the company. Given current market conditions, we feel it’s prudent to slow hiring and reassess our headcount needs against our highest-priority business goals,” Emilie Choi, Coinbase’s president and COO wrote in a post on the company’s website today.
Choi noted that headcount growth is a key input in the company’s financial model, and that slowing the rate of hiring is important in ensuring Coinbase

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