Coinbase

Finance
United States1 layoff round tracked
1,100

Total Jobs Cut

June 2022

Most Recent

1,100

Largest Single Layoff

No

AI Cited

Layoff Timeline

June 2022

1,100 jobs cut(18% of workforce)

Reason: Crypto winter; overhired during bull market

Source: CNBC

About Finance Layoffs

69,762

Total industry layoffs

35%

AI-cited events

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Other Finance Layoffs

Citigroup

1 round

20,000 jobs
UBS

1 round

14,000 jobs
HSBC

1 round

4,000 jobs
Deutsche Bank

1 round

3,500 jobs
UBS

1 round

3,000 jobs

Sources

CNBC

Crypto winter; overhired during bull market

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