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Coinbase Lays Off Employees Amid AI Market Shifts
Cryptocurrency exchange Coinbase announced it is laying off hundreds of employees, citing market downturn and advancements in AI technology. The company plans to reduce its workforce by about 14 percent.
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The Hill
Coinbase CEO Brian Armstrong announced Tuesday that the cryptocurrency exchange is laying off hundreds of employees, pointing to the market’s current downswing and recent AI advancements. The company plans to reduce its workforce by about 14 percent, Armstrong said in an email to employees shared to
2026-05-05 14:53 UTC