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Coinbase Cuts 14% of Workforce, Details Severance Packages
Businesshindustan-times3mo ago

Coinbase Cuts 14% of Workforce, Details Severance Packages

Cryptocurrency exchange Coinbase announced a 14% reduction in its workforce, a decision communicated by CEO Brian Armstrong in an email to staff. The company also outlined severance packages, with particular attention to Indian employees holding US work visas.

Coinbase Cuts 14% of Workforce Amid AI Shift and Market Slump
BusinessReutersbloombergNYT+13FTcnbctvn24marketwatchBusiness InsiderforbesYahooTimes of India+5 more3mo ago16 sources

Coinbase Cuts 14% of Workforce Amid AI Shift and Market Slump

Cryptocurrency exchange Coinbase laid off 14% of its staff, affecting hundreds of employees. The company attributed the decision to the evolving role of AI in the workplace and the challenging conditions in the crypto market.