Coinbase shares pop as CEO Brian Armstrong cuts 700 jobs and blames AI

DLNews Staff

(01:41 PM UTC)

1 min read

Coinbase is cutting 14% of its global workforce.
It joins the likes of tech giants Meta and Microsoft.
Shares popped 4% on the news.

Coinbase just cut 700 jobs. But Wall Street is liking what it sees.

Coinbase shares popped as much as 4% early on Tuesday morning after the flagship US crypto exchange announced it was slashing about 14% of its global workforce in a sweeping restructuring that…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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