Crypto exchange Coinbase to lay off 14% of staff
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Brian Armstrong, the CEO at Coinbase, lays off roughly 660 employees citing market conditions and a pivot to AI for greater efficiency.
Major tech firms are cutting thousands of jobs as AI reshapes the industry. Cognizant plans up to 15,000 layoffs, while Coinbase, PayPal, Microsoft, and Amazon are also slashing workforces, bringing total tech job losses in 2026 to over 92,