Brian Armstrong, the CEO at Coinbase, announced a workforce reduction of roughly 660 from its current 4,700. Coinbase will lay off about 14 percent of its 4,700-person workforce, or roughly 660 employees, as it contends with a crypto market downturn and shifts in its operations driven by artificial intelligence. Chief executive Brian Armstrong said AI has enabled small engineering teams to work far more quickly, prompting the company to rethink its cost structure and emerge “leaner, faster, and…
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