US-based crypto exchange Coinbase announced another round of layoffs on 10 January as part of the exchange’s restructuring plan to keep the appropriate operational efficiency after it cut 18% of its workforce in June 2022. Coinbase CEO Brian Armstrong said it planned to lay off 20% of its staff to help achieve the goal of lowering the firm’s operating costs by around 25%. The exchange would also terminate several projects with a lower probability of success. He reassured the customers that the exchange was well-capitalized and crypto was not going anywhere.