How AI Became Crypto’s Favorite Reason to Cut Staff

BAS

BAS/USDT

$0.027567

-1.55%

$0.027567

-1.55%

(24s)

24h Volume

$628,039.77

24h H/L

$0.028278 / $0.027465

Change: $0.000813 (2.96%)

Funding Rate

+0.0294%

Longs pay

Data provided by COINOTAG DATALive data

BAS

▲ -

Volume (24h): -

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments