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Coinbase Lays Off Around 1,100 Employees

The exchange is reducing its workforce by roughly 18%. CEO Brian Armstrong admits the company "grew too quickly."

Coinbase signage in New York on the day of the crypto exchange's direct listing debut. (Robert Nickelsberg/Getty Images)
Coinbase signage in New York on the day of the crypto exchange's direct listing debut. (Robert Nickelsberg/Getty Images)