Coinbase to Cut 14% Jobs, Citing Market Conditions and AI
Coinbase, the biggest U.S. crypto exchange, https://www.sec.gov/ix?doc=/Archives/edgar/data/0001679788/000167978826000049/coin-20260505.htm">said it plans to cut 14% of jobs, or about 700 staff, to manage costs in the market downturn and improve efficiency using artificial intelligence.
Shares rose 4% in early market trading.
The cut will reduce layers and eliminate “pure managers,” as ...
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