Coinbase’s headcount: a mea culpa

Turns out there was a massive red flag in the news about Coinbase’s June lay-offs. But not about Coinbase.

One of the employees’ public complaints was about overhiring, so we suppose this could be seen as a win for them. And the 6,200 number is indeed eyebrow-raising. Crypto competitor FTX . . . has “about 300” employees, according to a tweet from CEO Sam Bankman-Fried published after this story went live. We have questions and, in the spirit of DeFi, will seek the answers using decentralised reporting:

What on earth were all [the Coinbasers] doing?

Here at Alphaville, we believe that accountability and trust is important. In other words:

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