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Politics
Coinbase cuts staff by 14%, citing AI acceleration
May 5, 2026
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Posted 1 hour ago by
Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14 of its workforce, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which the company is scheduled to report Thursday. Shares were up nearly 4 in premarket trading. In []...Click to read more
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