[CRYPTO]■ STORY TIMELINE

COINBASE CUTS 14% OF WORKFORCE AMID AI SHIFT

Coinbase will eliminate approximately 700 jobs, representing 14% of its global workforce, as the cryptocurrency exchange moves to reduce costs. CEO Brian Armstrong cited AI's impact on work practices as a driver of the restructuring.

1 SOURCEFIRST SEEN MAY 5, 11:55 AM► READ THE ARTICLE

Techmeme+0m

Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to reduce costs, saying "AI is changing how we work" (Reuters)

Reuters: Coinbase CEO Brian Armstrong announces the company is cutting ~700 jobs, or ~14% of its global workforce, to re…

◄ BACK TO ARTICLE