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via DLNews · By DLNews Staff
Coinbase shares pop as CEO Brian Armstrong cuts 700 jobs and blames AI
DS
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…
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