CEO Brian Armstrong revealed in an open letter Tuesday that the "difficult decision" to lay off about 1,000 employees was made to ensure "we stay healthy during this economic downturn." Armstrong warned of an imminent economic slowdown that could lead to an extension of the latest cryptocurrency bear market, Armstrong wrote: “It appears that we are entering a recession after a 10-year economic boom. .” Although Armstrong said future economic conditions are difficult to predict, the company is planning "for
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