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Coinbase is laying off 14% of staff, citing AI. Read the letter from the CEO.

Coinbase
Business Insider Fews App News Provider
Fews App Post Time ha 6h

Coinbase CEO Brian Armstrong. Bloomberg/Getty ImagesCoinbase is cuting 14% of its workforce, affecting about 700 roles. CEO Brian Armstrong pointed to AI's role in boosting efficiency to operate with smaller teams.

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