Coinbase app on the App Store. (Photo: Diego M. Radzinschi/ALM) Coinbase Legal Chief Defends Layoffs as Crypto Firm Braces for Recession
CLO Paul Grewal asserted that cutting 18% of the crypto exchange's workforce was a "tough but prudent decision to ensure that Coinbase will emerge from this down cycle as a stronger company."
June 14, 2022 at 10:38 AM
3 minute read
General Counsel and In House Counsel
Coinbase legal chief Paul Grewal is backing the crypto exchange platform's decision to lay off about 1,100 employees as the company prepares for a recession and grapples with a crashing crypto market.
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