Hot News Alert!!! Coinbase has not only begun layoffs but | One Punch Calls (OPC)

Hot News Alert!!!

Coinbase has not only begun layoffs but it also has begun pulling existing job offers. The company is not alone in what has appeared to be a series of crypto centric lay offs. Other companies such as Gemini have cut 10% of its staff, Robinhood cut 9%, and Mexican exchange Bitso and Middle Eastern exchange Rain Financial have both made cuts to staff.

Following the path of other crypto giants, Elon Musk has been reported to have sent an email to Tesla employees announcing a need for a 10% employee cut. This announcement may not be crypto related per se but followed Tesla shares tumbling 7% after investors became impatient. Making it a total of a 35% drop from where it was on the day Musk announced his Twitter deal.Elon took out extensive personal loans following said deal and put up 50% of his Tesla shares as collateral. In another hit, Tesla cars have been reported to just suddenly stop for no reason on roadways.