Coinbase Reignites Hiring In India: A New Chapter In Tech, Product Innovation
Portfolio Pulse from Khyathi Dalal
Coinbase Global Inc (NASDAQ:COIN) is resuming hiring in India for product and tech roles despite previous layoffs and regulatory challenges. The company has listed around 30 positions on LinkedIn and 14 on its website for remote work in Bengaluru and Hyderabad. This move follows significant layoffs in 2022 and January 2023, and difficulties due to India's cryptocurrency taxes and transaction issues. Gemini, another crypto company, is also expanding in India with a $24 million investment.
November 27, 2023 | 3:52 pm
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POSITIVE IMPACT
Coinbase is hiring for tech and product roles in India, signaling growth and investment in the region despite past layoffs and regulatory challenges.
Coinbase's decision to hire in India suggests a strategic move to leverage cost-effective engineering talent and expand its product and technology capabilities. This could be seen as a positive development for the company, indicating potential growth and a focus on innovation. The news may be received well by investors, potentially leading to a short-term positive impact on COIN's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80