Analysts that follow crypto and Coinbase said there is a significant threat for the company.
Coinbase tumbles after SEC warns of securities violations
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Cryptocurrency firm Coinbase Global Inc. announced it is laying off nearly a fifth of its workforce, or about 1,100 people, and real estate brokerage Redfin Corp. said it will reduce staff by about 470 people, or 6% of the workforce, according to MarketWatch.
Tech companies lay off workers, slow down hiring amid economic tumult
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