Coinbase is set to reduce its workforce by 14% following its plan to pivot to an AI-native business model amid broad economic struggles.
Brian Armstrong, the CEO of the leading U.S.-based cryptocurrency exchange Coinbase, has just confirmed mass layoffs of up to 14% of the company’s staff. In a post that has sparked reactions across the crypto community, Armstrong shared details of the message sent to staff, describing it as one of the toughest decisions the company has had to make.
