Coinbase to lay off 14 percent of workforce over AI concerns

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2026-05-05 15:00:18

Coinbase to lay off 14 percent of workforce over AI concerns Crypto exchange Coinbase is laying off 14 percent of its workforce.The decision has been made public by CEO Brian Armstrong. In a post on X, he explained that the layoffs are mainly due to two concerns: Bear market, and AI. "Coinbase is well-capitalized, has diversified...

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