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Coinbase layoffs, Jun 14, 2022 | Layoff Map

Layoff · Jun 14, 2022

Coinbase cuts 1,100 jobs

DateJun 14, 2022

CountryUnited States

ReasonMarket downturn

IndustryCrypto

People affected

1,100

18% of the workforce

Coverage

2 sources reporting this layoff. Previews load live from each site.

More layoffs at Coinbase

Company history

May 5, 2026
United States1 sourceAI / automationData via AI Layoffs Index
70014% of staff

axios.comTrusted outlet

https://www.axios.com/2022/06/14/coinbase-layoff-crypto-recession-fears

TechCrunchTrusted outlet

Coinbase CEO says it is laying off 18% of its workers

Rapidly changing economic conditions, managing costs in down markets and Coinbase growing "too quickly" are the primary reason for announced layoffs.