Layoffs are on the rise in the midst of crypto winter
CNN
Hao Jia was so convinced in the potential of cryptocurrencies that he passed up a job at a large tech firm, Oracle, to take another offer he received in early April to be a software engineer at one of the buzziest crypto startups, Coinbase.
But last week, Jia was one of a number of employees who received an email from Coinbase rescinding their job offers. For Jia, that not only meant losing a job but also, possibly, a visa.
"I'm an international student, and I need to keep my visa," he told CNN Business. "Now, after Coinbase, I prefer to go to a bigger company because I worry about my visa."
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