Fintech

Coinbase rescinds job offers to ex-Goldman, JPMorgan and BlackRock workers as crypto winter freezes hiring

Tech companies blame the economic downturn for job cuts in recent months

Coinbase’s talent hub lists more than 300 people who were given job offers which were then whisked away again
Coinbase’s talent hub lists more than 300 people who were given job offers which were then whisked away again Photo: SOPA Images/LightRocket via Getty Images

Coinbase has become the latest tech company to halt its breakneck hiring spree of the last few years, and is now rescinding job offers handed to people from some of Wall Street’s biggest financial firms.

The crypto giant, which has grown to nearly 5,000 workers from about 1,700 just last year, has in recent weeks rescinded offers that it gave to former employees of Goldman Sachs, JPMorgan, Morgan Stanley, BlackRock, Wells Fargo and Citigroup, among others.

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