Cryptocurrency exchange Coinbase has revealed plans to lay off about 14 percent of its workforce, with CEO Brian Armstrong citing market volatility and the accelerating impact of artificial intelligence on company operations.
CNBC reports that the cryptocurrency exchange Coinbase revealed plans to reduce its workforce by approximately 14 percent on Tuesday, with CEO Brian Armstrong citing market volatility and the accelerating impact of AI on company operations. The announcement comes just days before the company is scheduled to report its first-quarter earnings on Thursday. Following the news, Coinbase shares rose in premarket trading but…
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