1 week ago
3
Crypto exchange Coinbase is laying off 14 percent of its workforce.
The decision has been made public by CEO Brian Armstrong. In a post on X, he explained that the layoffs are mainly due to two concerns: Bear market, and AI.
"Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm," he wrote. "However, our business is still volatile from quarter to quarter [...] we’re currently in a down market and need to adjust our cost structure."
Cryptocurrencies, including Bitcoin and Ethereum, are currently recovering after
Source: https://mashable.com/article/coinbase-layoffs-ai Disclaimer of liability !!!
NEWS.SP1.RO is an automatic news aggregator. In each article, taken over by NEWS.SP1.RO with maximum 500 characters from the original article, the source name and hyperlink to the source are specified.
The acquisition of information aims to promote and facilitate access to information, in compliance with intellectual property rights, in accordance with the terms and conditions of the source.
If you are the owner of the content and do not wish to publish your materials, please contact us by email at [email protected] and the content will be deleted as soon as possible.
English (US) ·