How AI Became Crypto’s Favorite Reason to Cut Staff

May 9, 2026 - 05:15
How AI Became Crypto’s Favorite Reason to Cut Staff
Coinbase became the latest crypto company to cut its workforce on Tuesday, as a wave of layoffs sweeps through an industry navigating a down market and the pressure to embrace AI. CEO Brian Armstrong said the company is using AI to flatten its organizational structure, with managers expected to act more like “player-coaches.” “AI is...

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