Discover your dream Career
For Recruiters
A long drawn out goodbye from crypto

Coinbase is cutting people it hired from JPMorgan

Coinbase's presentation of its financial results for 2022 is coming this week. Expectations have been marred by the unexpected second round of layoffs in January following a mass round of layoffs in the middle of last year.

Some of those cuts are only just coming into effect. 

In recent, multiple senior Coinbase staff have announced that they are one of the many let go in the second round. One of them is London engineering manager Gordon MacDonald. 

MacDonald previously spent 18 years at JPMorgan where he became a technical lead for API strategy and platforms. He spent just 11 months at Coinbase where he established the EMEA international engineering group.

He's not the only ex-JPMorgan technologist to go. New Jersey-based David Winig spent five years at JPMorgan as head of site reliability engineering for macro technologies. He joined Coinbase in April 2022 and left again in January 2023.

It's not just JPMorgan tech guys who are being let go at the crypto exchange. A number of senior FAANG and fintech engineers have also left. They include Matthew Dressman, formerly Microsoft's principal engineer for Microsoft Teams, and Urmil Shah, an engineering manager that spent over 13 years at Bloomberg.

Layoffs continue outside their engineering departments also. This week, senior community operations analyst Samantha Costa said "after a month of a tiresome consulting process, I'm officially part of this year's tech layoff statistics."

Click here to create a profile on eFinancialCareers. Comment ANONYMOUSLY on articles and make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. 

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

AUTHORAlex McMurray Editor
  • Pe
    20 February 2023

    I imagine they'll take them back!

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Python Quantitative Developer
New York, United States
Durlston Partners
Crypto Portfolio Manager
Durlston Partners
New York, United States
Mondrian Alpha Recruitment Solutions
Operations Analyst – Major Hedge Fund – 70-85k base / 50-100% bonus
Mondrian Alpha Recruitment Solutions
London, United Kingdom
Analytic Recruiting Inc.
Senior Operating Officer - Hedge Fund
Analytic Recruiting Inc.
New York, United States