Crypto giant Coinbase fires 700 people in brutal email as company company looks to AI

Coinbase chief executive Brian Armstrong shortly before 7am on Tuesday, May 5, shared a memo on social media telling staff the cuts were necessary as AI reshapes the industry

Black News Black News
May 8, 2026 - 03:49
Crypto giant Coinbase fires 700 people in brutal email as company company looks to AI
Coinbase chief executive Brian Armstrong shortly before 7am on Tuesday, May 5, shared a memo on social media telling staff the cuts were necessary as AI reshapes the industry
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