Coinbase to Cut ~20% of workforce

Coinbase Global said that it would eliminate around 20% of its staff and enact broad cost cuts, the latest sign of pain in the cryptocurrency industry. Chief Executive Brian Armstrong said that crypto exchange Coinbase will reduce operating expenses by …

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The workforce is missing 5M men

Nearly 5 million working-age men are “missing” from the workforce, reports Bloomberg. While the employment rate for men ages 25 to 54 is almost back to where it was before the pandemic — about 86% of this cohort have jobs — …

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Zillow says it’s closing homebuying business, cutting 25% of workforce; earnings miss estimates

https://www.cnbc.com/2021/11/02/zillow-shares-plunge-after-announcing-it-will-close-home-buying-business.html Zillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce. The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and …

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