FinTech news in Cameron Winklevoss category

A source close to the company noted that there was a reduction of 7%, or 68 members, in Gemini’s company-wide Slack channel Monday morning. The company had not widely communicated the extent of Monday layoffs internally, leaving employees to speculate on the exact number of co-workers laid off in this most recent downsizing.

Coinbase announced today that it will extend its hiring freeze and revoke accepted offers from some candidates who haven’t started their roles yet. The third-largest crypto exchange by volume, Coinbase began to slow hiring two weeks ago, but this move is more drastic.