Coinbase is laying off about 700 employees, roughly 14% of its workforce, as the company reshapes itself around AI and braces for a softer crypto market. CEO Brian Armstrong framed the move as a reset, meant to make the company […]

The post Coinbase lays off 700 employees, or 14% of its workforce, citing AI shift and crypto market weakness first appeared on Tech Startups.

Coinbase will cut 14% of its workforce as Brian Armstrong moves the exchange toward leaner teams, fewer layers and AI-native operations.

A Chinese court has ruled that companies cannot legally dismiss employees solely to replace them with cost-saving artificial intelligence tools, setting a clear boundary on how far firms can go in using automation to reduce labour costs. On April 30,…