Crypto sector joins Silicon Valley’s layoff wave! Coinbase cuts 14% of staff, CEO: AI is bringing profound transformation
Coinbase, the largest cryptocurrency exchange in the United States, announced layoffs of about 14%, listing AI-driven operational restructuring as a core driver, becoming the latest case in Silicon Valley's new wave of AI-related layoffs.
On Tuesday (May 5), Coinbase disclosed in regulatory filings that the layoffs would affect