Coinbase Cuts 14% of Jobs Amid AI Disruption
Coinbase is laying off roughly 14% of its workforce as artificial intelligence changes how work is done across the tech and crypto sectors. According to Gizmodo, CEO Brian Armstrong cited the company’s expanding use of AI tools as reasons behind the cuts, saying AI has accelerated workflows that once required far larger teams. Workers who helped grow these companies are increasingly being left out of the value those systems continue to generate.
The layoffs reflect a broader shift across the economy, where AI-driven efficiency is allowing companies to do more with fewer people. Universal Income would keep people financially stable through that transition, while making sure Americans continue to benefit from the economic value their work helped create.