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DeFi incubator AQRU announces job cuts

AQRU has identified an opportunity to strengthen its balance sheet by downsizing its employee base to 25% of its current size.

Changpeng Zhao, commonly known as “CZ”, says there are currently 2,000 open positions at crypto firm Binance.

Coinbase plans to reduce its workforce by 1,100 employees, representing approximately 18% of its global workforce.

Coinbase Chief People Officer L.J Brock says the company will take more stringent measures to slow its headcount growth.