Coinbase cuts headcount by 14% citing AI acceleration

Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, or about 700 employees, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which the company is scheduled to report Thursday. Shares fell 3% midday, after…

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What it means for workers

With companies spending more than ever on artificial intelligence, they are also tracking how employees use AI in unprecedented detail. Yet many CEOs hope, but still can’t tell, if it’s making workers more productive.  More than two-thirds of enterprises still rely on estimates, like time saved or projected cost reductions, rather than measured financial results…

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