Coinbase layoffs today: Crypto giant cuts hundreds of jobs as CEO says AI is ‘changing how we work’

Brian Armstrong joined the ranks of tech bosses citing artificial intelligence as he dramatically reduces the company’s workforce.

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.


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