CLO Paul Grewal asserted that cutting 18% of the crypto exchange's workforce was a "tough but prudent decision to ensure that Coinbase will emerge from this down cycle as a stronger company."
June 14, 2022 at 10:38 AM
3 minute read
Coinbase legal chief Paul Grewal is backing the crypto exchange platform’s decision to lay off about 1,100 employees as the company prepares for a recession and grapples with a crashing crypto market.
Grewal took to Twitter on Tuesday, shortly after Coinbase CEO Brian Armstrong announced that he was “making the difficult decision to reduce the size of our team by about 18%, to ensure we stay healthy during this economic downturn.”
Presented by BigVoodoo
General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists
Coinbase app on the App Store. (Photo: Diego M. Radzinschi/ALM)
Paul Grewal of Coinbase. (Courtesy photo)
