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via Decrypt · By Decrypt Editorial
Coinbase Cuts 14% of Staff Amid Crypto 'Down Market,' AI Adoption: CEO
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Decrypt Editorial(12:18 PM UTC)
1 min read
In brief
- Coinbase is cutting roughly 14% of its workforce, CEO Brian Armstrong announced Tuesday, citing crypto "down market" and AI-driven productivity shifts.
- Armstrong said the exchange is rebuilding as an "intelligence, with humans around the edge," flattening its org structure to five layers maximum below CEO/COO.
- Affected U.S. employees will receive a minimum of 16 weeks' base pay plus two…
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