Cryptocurrency exchange Coinbase fires 8% of its India staff

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Cryptocurrency exchange Coinbase’s decision to cut its workforce will see around 8% of the company’s staff being laid off in India, Coinbase’s Senior Director for Market Expansion Durgesh Kaushik said. Coinbase had announced on Tuesday that it is laying off 18% of its workforce worldwide, citing “economic downturn”. Earlier in June, Coinbase had extended its hiring freeze.