{"id":78347,"date":"2023-01-12T12:24:00","date_gmt":"2023-01-12T08:24:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=78347"},"modified":"2023-01-12T12:24:03","modified_gmt":"2023-01-12T08:24:03","slug":"coinbase-begins-with-the-second-round-of-layoffs","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/coinbase-begins-with-the-second-round-of-layoffs\/01\/12\/market-updates\/","title":{"rendered":"Coinbase begins with the second round of layoffs!"},"content":{"rendered":"\n<p>Cryptocurrency trading platform Coinbase has announced that it intends to lay off 20% of its employees and attributed this layoff to the need to conserve cash in light of the cryptocurrency market downturn, and the platform plans to cut 950 jobs, according to a statement released Tuesday, January 10.<\/p>\n\n\n\n<p>Coinbase, which had 4,700 employees as of the end of September, laid off 18% of its staff in June, in a plan to cut costs and keep pace with rapid growth.<\/p>\n\n\n\n<p>Cryptocurrency markets have been rocked in recent months by the collapse of one of the biggest players in the industry, FTX platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency trading platform Coinbase has announced that it intends to lay off 20% of its employees and attributed this layoff to the need to conserve cash in light of the cryptocurrency market downturn, and the platform plans to cut 950 jobs, according to a statement released Tuesday, January 10. Coinbase, which had 4,700 employees as &hellip;<\/p>\n","protected":false},"author":9,"featured_media":69864,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,7344,6905,6885],"class_list":["post-78347","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-coinbase","tag-ethereum","tag-fed"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=78347"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78347\/revisions"}],"predecessor-version":[{"id":78348,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/78347\/revisions\/78348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/69864"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=78347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=78347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=78347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}