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via Cointelegraph · By Cointelegraph Staff
Kraken Cuts 150 Staff, Citing Rising AI Use
CS
Cointelegraph Staff(07:14 AM UTC)
1 min read
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0 commentsCrypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the US until next year.
The company, whose corporate name is Payward, laid off about 150 workers due to efficiencies from deploying artificial intelligence across the business, Bloomberg reported on Friday, citing a person familiar with the matter.
The…
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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