Coinbase extends hiring pause for ‘foreseeable future’ and plans to rescind some offers

Two weeks after announcing plans to slow hiring, crypto exchange Coinbase now says the freeze will extend into the “foreseeable future.” The company will also be pulling some accepted job offers.

Coinbase said it was informing prospects of the rescinded offers by email on Thursday. The company also said it was extending its severance policy to those individuals and will help them with job placement and resume review.

“After assessing our…