The Coinbase exchange will extend the moratorium on staff growth amid the unstable situation in the cryptocurrency industry, and will also refuse employees who have already received positions but have not yet started working.
The company announced plans to slow down the hiring of new employees back in mid-May, but in a new announcement, Coinbase HR director Email. Jay. Brock (LJ Brock) confirmed that the company will approach the issue more seriously.
“We need to take stricter measures to slow down growth in headcount. To navigate the current situation, we need to act quickly and decisively. In this way, we will ensure continued healthy growth and innovation.” writes Brock.
The exceptions, he said, are those employees without whom Coinbase will not be able to meet the high standards the company has set for security and compliance.
The HR director stated that this decision was not easy, but it is necessary for the company to grow in the highest priority areas. Everyone affected by this announcement will be notified today. Brock said the company would help them find jobs in the same field.
Earlier, the Gemini cryptocurrency exchange announced the optimization of the headcount due to the fall of the cryptocurrency market and global inflation.
Source: Bits
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