Cryptocurrency exchange Coinbase plans to cut 700 jobs, citing ‘market conditions’ amid restructuring for ‘AI era’
Coinbase Global (COIN) said Tuesday that it will lay off 700 employees in the coming weeks. The move, which amounts to a 14% reduction in the crypto company’s workforce effective May 1, aims to manage operating expenses “in response to current market conditions” and “optimize the company’s operations for the AI ​​era,” according to a…