COINBASE CUTS 14% OF STAFF AMID MARKET VOLATILITY
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Coinbase Global Inc. is laying off approximately 700 employees, or 14% of its workforce, citing volatile crypto markets and the need to manage costs amid AI advancement. The cuts will occur mostly in Q2, with restructuring expenses reaching up to $60 million.
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