Article Reading Time:
1 min.
Coinbase will extend its moratorium onstaff expansion amid the unstable situation in the cryptocurrency industry, and will also abandon employees who have already received positions, but have not yet started working.
Plans to slow down hiring of new employeesthe company announced back in mid-May, but in the new announcement, Coinbase HR Director El. Jay. Brock (L.J. Brock) confirmed that the company will take a more serious approach to the issue.
"We need to take stricter measures toslowdown in personnel growth. To navigate the current situation, we need to act quickly and decisively. This way we will ensure continued healthy growth and innovation,” writes Brock.
According to him, the exceptions are thoseemployees without whom Coinbase would not be able to meet the high standards the company has set for security and regulatory compliance.
The HR director stated that this was a decisionIt was not easy, but it was necessary for the company to grow in the highest priority areas. Anyone affected by this announcement will be notified today. Brock said the company will help them find work in the same field.
Earlier, the Gemini cryptocurrency exchange announced that it was optimizing staff numbers due to the fall of the cryptocurrency market and global inflation.
