How AI Became Crypto’s Favorite Reason to Cut Staff

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Cointelegraph Staff

(01:29 PM UTC)

1 min read

Verified byDavid Kim

Coinbase became the latest crypto company to cut its workforce on Tuesday, as a wave of layoffs sweeps through an industry navigating a down market and the pressure to embrace AI.

CEO Brian Armstrong said the company is using AI to flatten its organizational structure, with managers expected to act more like "player-coaches."

"AI is bringing a profound shift in how companies operate, and we're…

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