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via CoinDesk · By CoinDesk Staff
Coinbase latest crypto firm to slash staff citing market conditions and AI shift. Reduces it by 14%.
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CoinDesk Staff(11:38 AM UTC)
1 min read
Coinbase cuts 14% of staff as AI reshapes how crypto companies operate
Brian Armstrong, the CEO at Coinbase, announced a workforce reduction of roughly 660 from its current 4,700.
Coinbase is set to slashing its workforce by roughly 14%, or 660 employees in response to negative market conditions and AI challenges.
CEO Brian Armstrong announced the cuts in an X post on Tuesday, citing the "two…
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