Coinbase to slash 14 per cent of workforce amid AI impact and market volatility

City AM — May 05, 12:57 PM

Coinbase is slashing its workforce in the face of volatility https://www.cityam.com/wp-content/uploads/2023/06/GettyImages-1238185137-e1721901649290.jpg?w=1107" />

Crypto exchange Coinbase is planning to cut 14 per cent of its workforce just two days head of its next earnings report, citing a need to manage costs amid ongoing market volatility and advances in AI. Chief executive Brian Armstrong said on Tuesday that AI was speeding up certain processes meaning fewer employees were required https://www.cityam.com/coinbase-to-slash-14-per-cent-of-workforce-amid-ai-impact-and-market-volatility/">[...]

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Coinbase to cut 14% of staff

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