American cryptocurrency exchange Coinbase has reduced at least 15 remote employees out of 250 hired in the current year. About it reports the Yahoo Finance.
Despite previous statements by the company about its need to expand its staff due to the growth of user activity, at the moment it abandons the earlier decision, citing the updated policy on hiring employees.
Coinbase explains it as follows:
"We realized that some commands, together performing a particular job, are more efficient, effective, and happier in their roles. Therefore, in the future some teams, including Support, Fraud, and Compliance will only hire employees into Coinbase offices".
The company has not made an official statement regarding the exact number of dismissed employees, but internal source said that under the reduction were at least 15 people. He also added that the top management does not seek feedback from frustrated employees.
Like many other crypto-exchanges, in 2017 Coinbase faced with a large influx of new users whose activity has provoked the emergence of many technical problems and delays in support service. In the end, the exchange's management decided on a substantial expansion of its own staff to deal with all customer complaints.
As of September in the state of Coinbase were 500 employees. About 250 of them were employed this year.
In October, the company announced its intention to conduct an IPO, in connection with what has been market valuation, which amounted to $ 8 billion.