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Daily Crunch: Coinbase will reduce its workforce by 18% to ‘stay healthy during this downturn’ 


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It’s June 14, 2022, and while we’re casually putting together the Daily Crunch newsletter, Bill Gates is chilling at the next table over at the TC Sessions: Climate event in Berkeley, California. Oh, and we just released some new tickets for our annual summer party! See you there? — Haje and Christine

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More layoffs: We tried to think of something more clever than that, but let’s just get on with the bad news. Coinbase, Redfin and Compass are the latest companies to announce that big chunks of their employees will not be soon. Ivan writes that Coinbase laid off 18% of its workforce, or about 1,100 people, which had everyone doing the math on how many employees it actually had. And though Coinbase was well within its right to cut access to its systems before telling affected employees, we can’t help but wonder if there were some early birds wondering what the heck was goi …

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