Coinbase Announces 18% Layoffs
&gt; If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensure not even a single person made a rash decision that harmed the business or themselves.<p>How typical is this? Is he really talking about the hot wallet and&#x2F;or cold storage?<p>Those claiming that this is a &quot;crypto&quot; sentiment thing should consider the possibility that the front page of HN will be filled with stories like this from all over the economy within one month.