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Stock impact report

Layoffs are on the rise in the midst of crypto winter [CNN]

ManpowerGroup (MAN) 
Last manpowergroup earnings: 4/21 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.manpowergroup.com
Company Research Source: CNN
Layoffs are on the rise in the midst of crypto winter But last week, Jia was one of a number of employees who received an email from Coinbase rescinding their job offers. For Jia, that not only meant losing a job but also, possibly, a visa. "I'm an international student, and I need to keep my visa," he told CNN Business. "Now, after Coinbase, I prefer to go to a bigger company because I worry about my visa." After initially planning to hire up to 2,000 more employees this year, citing "enormous product opportunities ahead," Coinbase has abruptly shifted course. In recent days, the cryptocurrency exchange, which was once valued at nearly $100 billion, has rescinded offers, implemented a hiring freeze and laid off 18% of its work force. In a company-wide email sent Tuesday to employees announcing the mass layoff, Coinbase CEO Brian Armstrong pointed to a possible recession looming and growth that happened "too quickly." Employees learned they had lost their jobs after finding themsel Show less Read more
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