700 Jobs Gone: Coinbase’s Brutal Cuts Signal Something Is Wrong With The Crypto Market
Coinbase CEO Brian Armstrong announced on Tuesday, May 5, that the company will reduce its workforce by approximately 14% — a move Armstrong described as “sudden and harsh” but necessary to position the exchange for what he called a new phase of AI-driven operations.
BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview
Cover image from Grok, BTCUSD chart on Tradingview
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