The crypto spiral is turning Coinbase into that employer who rescinds job offers via email. Illustration: Leon Neal (Getty Images) Late Thursday, the once-mighty cryptocurrency exchange Coinbase ...

Coinbase had planned to hire 2,000 employees in 2022, and had already onboarded about 1,200 by May. If the company needed to scale back, shouldn’t it have done so before making so many job offers?

Read the full text of the letter that Coinbase reportedly sent to those who had their job offers withdrawn (bold text reflects the emphasis in the original email).