Bitcoin Just Rallied But Coinbase Employees Are Still Being Let Go

“Coinbase CEO (and Lex Luthor look-alike) Brian Armstrong told employees last week that the world’s second-largest cryptocurrency exchange needed to let go of about 950 people in a bid to save costs in light of prevailing macroeconomic conditions. Some of these conditions included the spectacular downfall of rival FTX, which the CEO did not explicitly name.”