Quarterly number of Coinbase employees 2017-2022
fears over a new U.S. recession in 2022 - as well as a growing savings interest rate impacted several companies that were growing at a fast pace in the wake of COVID-19 and when many people started exploring cryptocurrency investments during lockdown.
Coinbase's plans to lay off 18 percent of its workforce in 2022, meant a sharp break from employee growth in the previous quarters. Between December 31, 2021 and March 31, 2022, Coinbase reported to have hired over 1,200 new full-time employees in order to keep building its crypto platform. Economic downturns - including