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.
Grewal took to Twitter on Tuesday, shortly after Coinbase CEO Brian Armstrong announced that he was “making the difficult decision to reduce the size of our team by about 18%, to ensure we stay healthy during this economic downturn.”
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