Coinbase layoffs today: Crypto giant cuts hundreds of jobs as CEO says AI is ‘changing how we work’
May is kicking off with another brutal round of tech layoffs that have been affecting the industry for much of the year. Today, the U.S.’s largest cryptocurrency exchange, Coinbase Global, Inc. (Nasdaq: COIN), announced it was laying off a staggering 14% of its staff. The company’s CEO says one of the main drivers of those layoffs is AI adoption at the company. Here’s what you need to know. Coinbase cuts hundreds of jobs in ‘AI-native’ restructuring This morning, Coinbase CE...
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