Leading crypto exchange Coinbase, which halted payments via unified payments interface (UPI) mode on its app in India in April, on Friday announced to pause hiring for as long as the global macro-economic factors remain in place.
The company also revoked accepted offers from some candidates who haven't joined it yet.
"After assessing our business priorities, current headcount, and open roles, we have decided to pause hiring for as long as this macro environment requires," LJ Brock, Chief People Officer at Coinbase, said in a statement.
The extended hiring pause will include backfills, "except for roles that are necessary to meet the high standards we set for security and compliance, or to support other mission-critical work", he added.
The crypto exchange paused hiring two weeks back and now, it has become evident that "we need to take more stringent measures to slow our headcount growth".
The company will also rescind a number of outstanding offers for people who have not started...
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