Watch: Coinbase slows hiring plans after the crypto exchange's users fell (youtube.com)
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Yahoo Finance Live anchors Julie Hyman, Brian Sozzi and Brad Smith discuss Coinbase’s decision to pull back on its hiring plans amid weak quarterly earnings.
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    • 1
    Francisco Gimeno - BC Analyst Q1 earnings everywhere for many sectors is frankly disappointing, but not surprising, as inflation is rising, general economic situation is not good, markets both stock and crypto are in bear mood, and management costs are becoming too high for many companies, so if they want to survive they have to stop hiring or even fire some people. For crypto exchanges like Coinbase is real bad as we were used to growth and evolution, but the situation is such that this growth has to stop to at least support what is already built. And well, we will see what happens in Q2 up to Q4 2022. Good luck.