Crypto exchange Coinbase to lay off 14% of staff
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Several companies have announced workforce shakeups as more firms rely on AI.
As crypto company Coinbase is laying off 14% of its staff, the CEO says that they're "fundamentally changing how we operate, rebuilding the company as an intelligence, with humans around the edge aligning it.
Coinbase CEO Brian Armstrong announces a 14% workforce reduction, citing AI’s transformative impact on operations and the need for a leaner company structure.
Coinbase is cutting 14% of its workforce amid market pressures and a shift toward artificial intelligence. CEO Brian Armstrong outlines severance, healthcare support, and the company's strategy to streamline operations while embracing AI-driven efficiencies.