Coinbase cuts headcount by 14% citing AI acceleration
2026-05-05 · Tech
Coinbase is giving 14% of its workforce the boot, blaming the classic combo of 'market volatility' and AI making humans redundant faster than expected. Nothing says 'we value our team' like citing a chatbot as the reason for mass layoffs. At least the remaining employees can take comfort knowing they're competing with algorithms for their next performance review.