Crypto exchange Coinbase to lay off 14% of staff as AI reshapes work
Coinbase announced it will cut about 700 jobs (14% of workforce), partly citing artificial intelligence's role in reshaping how work is done. CEO Brian Armstrong said the company is adjusting early to become lean, fast, and AI-native, reducing management layers and experimenting with "one person teams." Other tech firms like Block, Meta, and Oracle have also made cuts amid AI-driven efficiency gains.
Crypto exchange Coinbase to lay off 14% of staff as AI reshapes work
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