Jobs

Coinbase: 100 jobs to be lost in Ireland as crypto exchange cuts workforce by 20%

US-listed exchange is laying off around 950 staff overall as part of a plan to cut costs amid the crypto crash

Brian Armstrong, Coinbase chief executive, said the company was making the cuts to ‘weather downturns in the crypto market’. Picture: Getty

Around 100 jobs will be cut at Coinbase’s Irish operation as part of a round of global layoffs announced by the US-listed cryptocurrency exchange, the Business Post understands.

The company employs around 230 people in Ireland from its almost 5,000 workers around the world. It is cutting 950 jobs overall in a restructuring plan that marks its third round of layoffs since last year.

The San Francisco-headquartered firm has formally notified Simon Coveney, the Minister ...