Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.

The New York Times5d ago

Coinbase Lays Off 14% of Employees as A.I. Changes Work

The largest U.S. crypto exchange said it was cutting jobs because of cryptocurrency market volatility and to “optimize” for the artificial intelligence era.

← Briefing

TechnologyMixed

Coinbase Lays Off 14% of Employees as A.I. Changes Work

5d ago2 sources2 articlesEarly signalSettling in

Sources

The New York TimesCNBC

Last update

May 5, 5:26 PM

Published

May 5, 5:26 PM

Representative source

Open source article →

Coverage Timeline

2 articles

CNBC5d ago

Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining

Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates.

The New York Times5d ago

Coinbase Lays Off 14% of Employees as A.I. Changes Work

The largest U.S. crypto exchange said it was cutting jobs because of cryptocurrency market volatility and to “optimize” for the artificial intelligence era.