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Coinbase cuts 700 jobs and blames AI productivity

Crypto News: Bitcoin, Ethereum & XRP News | crypto.news [Unoffi… May 5, 2026
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Coinbase cuts 700 jobs today, with CEO Brian Armstrong saying AI is making small engineering teams far more productive Coinbase CEO Brian Armstrong announced on May 5 that the company is eliminating roughly 700 employees, representing approximately 14% of its…

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