Coinbase's plans to lay off 18 percent of its workforce in 2022, meant a sharp break from employee growth in the previous quarters. Between December 31, 2021 and March 31, 2022, Coinbase reported to have hired over 1,200 new full-time employees in order to keep building its crypto platform. Economic downturns - including fears over a new U.S. recession in 2022 - as well as a growing savings interest rate impacted several companies that were growing at a fast pace in the wake of COVID-19 and when many people started exploring cryptocurrency investments during lockdown.
Number of full-time employees at Coinbase from 4th quarter of 2017 to 2nd quarter of 2022
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Statista. (August 9, 2022). Number of full-time employees at Coinbase from 4th quarter of 2017 to 2nd quarter of 2022 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1326476/number-of-coinbase-employees/
Statista. "Number of full-time employees at Coinbase from 4th quarter of 2017 to 2nd quarter of 2022." Chart. August 9, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1326476/number-of-coinbase-employees/
Statista. (2022). Number of full-time employees at Coinbase from 4th quarter of 2017 to 2nd quarter of 2022. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1326476/number-of-coinbase-employees/
Statista. "Number of Full-time Employees at Coinbase from 4th Quarter of 2017 to 2nd Quarter of 2022." Statista, Statista Inc., 9 Aug 2022, https://www.statista.com/statistics/1326476/number-of-coinbase-employees/
Statista, Number of full-time employees at Coinbase from 4th quarter of 2017 to 2nd quarter of 2022 Statista, https://www.statista.com/statistics/1326476/number-of-coinbase-employees/ (last visited November 22, 2024)
Number of full-time employees at Coinbase from 4th quarter of 2017 to 2nd quarter of 2022 [Graph], Statista, August 9, 2022. [Online]. Available: https://www.statista.com/statistics/1326476/number-of-coinbase-employees/
