🦄 Startups & VC 3h ago · Ana Maria Constantin

Coinbase is cutting 14 per cent of its workforce. The reason it gave was not the crypto downturn. It was AI.

TNW Startup
View Channel →
Coinbase is cutting 14 per cent of its workforce. The reason it gave was not the crypto downturn. It was AI.
Source ↗ 👁 0 💬 0
Coinbase is cutting 14 per cent of its workforce, roughly 660 employees from a company of 4,700, two days before it reports the worst quarterly earnings in its history as a public company. CEO Brian Armstrong announced the layoffs on Tuesday in a letter to staff that mentioned the crypto market downturn in passing and […]
This story continues at The Next Web

Comments (0)

Sign in to join the discussion

More Like This

How AI Is Changing What Good Governance Looks Like
Forbes - Innovation · 2h ago
​AI Is Moving Into Production Workflows, And So Are The Risks
Forbes - Innovation · 3h ago
‘GTA 6’ Should Cost $80 So The Industry Can Raise Prices, Says Bank Of America
Forbes - Innovation · 3h ago
Drone Hide And Seek: FPVs Are Changing The Rules Of Urban Warfare
Forbes - Innovation · 3h ago
The Agent Productivity Crisis Nobody's Talking About
Forbes - Innovation · 3h ago
In 2018, 4,000 Google employees killed a Pentagon contract. In 2026, Google signed a bigger one. Now the AI researchers are unionising
The Next Web · 3h ago