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Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining - CNBC
Overview
Coinbase will cut roughly 14% of its workforce, citing market volatility and rapid changes in how AI is reshaping operations, and investors responded positively. The reductions reflect both immediate financial pressures and longer-term shifts in skill and automation needs. LinkedIn's layoffs and investment pullback add to evidence that firms across tech are restructuring amid similar financial and strategic pressures tied to AI and market conditions.
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