Coinbase Lays Off 14% of Employees as A.I. Changes Work
Coinbase, the largest U.S. cryptocurrency exchange, said on Tuesday that it planned to lay off about 14 percent of its workers amid volatility in the crypto market and as artificial intelligence changes how people work. The cuts affect about 700 of the company’s nearly 5,000 employees, Coinbase said in a corporate filing, and the restructuring…
