Coinbase to Cut Approximately 14% of Workforce in AI-Driven Restructuring
Cryptocurrency exchange Coinbase announced plans to lay off approximately 700 employees, or about 14% of its global workforce. The move is part of a cost-cutting strategy amid crypto market volatility and an effort to reposition the company for artificial intelligence integration.
Tickers: $COIN
Topics: AI restructuring cost-cutting crypto market volatility layoffs