Coinbase layoffs again: 700 gone. Anyone seeing a pattern?

Just saw the news about another 700 people let go at Coinbase. This feels like the third or fourth time in the last couple of years they've done significant cuts. It's hard not to worry if you're still there or looking to join. The crypto market is always volatile, sure, but this many people? It makes you wonder about the long-term strategy. Are they just constantly restructuring, or is something more fundamental going on? I've seen some talk on here about burn rate and whether the company will last. These layoffs definitely add fuel to that fire. Anyone on the inside have any perspective on what's really happening? Trying to figure out if this is a normal 'crypto winter' cycle or if Coinbase is facing unique challenges. It's tough to see so many people impacted.