Another 700 gone at Coinbase. Burn rate and future outlook?

Wow, 700 more layoffs at Coinbase. That's a massive number, and it's hard to ignore the chatter about their burn rate. I remember seeing posts on here a while back questioning if they'd last. This latest round of cuts doesn't exactly inspire confidence. It makes me wonder about the financial health of the company beyond the headlines. Are they cutting costs to survive, or is this a strategic pivot? I'm looking at this from the perspective of someone who might have considered working there, or even just as someone invested in the crypto space. When a company of this size makes such significant cuts, it raises questions about the broader market and the viability of the business model itself. Curious to hear thoughts from anyone who might have insider info or a deeper understanding of their financial situation.