700 people at Coinbase just got fired as CEO blames cost reset on AI and market volatility

Coinbase will cut about 700 employees, or 14% of its workforce, under a May 5 restructuring plan that the company says will cost $50 million to $60 million. The company framed the move as a response to two forces: crypto-market volatility and a shift in how artificial intelligence is changing the work inside Coinbase. Armstrong The post 700 people at Coinbase just got fired as CEO blames cost reset on AI and market volatility appeared first on CryptoSlate.