Coinbase boss fires 700 workers in 6:55 a.m. email saying company must become ‘lean, fast, and AI-native’

Coinbase chief executive Brian Armstrong informed employees in an early morning message Tuesday that the cryptocurrency ...

AWS data center outage hits trading on FanDuel, Coinbase — recovery to take hours

The cloud platform says it is currently working to resolve the outage, caused by overheating at a data center in Northern ...

Coinbase Just Got Slammed: Barclays Slashes Price Target to $107 After Q1 Crypto Trading Miss

Barclays cut its price target on Coinbase (NASDAQ:COIN) to $107 from $140, maintaining an Underweight rating after a brutal ...

Coinbase CEO Announces AI Layoffs And The End Of “Pure Managers”

Coinbase CEO Brian Armstrong hailed AI layoffs and the end of management as we know it. Here's what this means for leaders ...

Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring

By Prakhar Srivastava and Pragyan Kalita May 5 (Reuters) - Coinbase said on Tuesday it would cut about 700 jobs, or about 14% ...

Coinbase to lay off 700 workers as crypto company embraces AI

"This is a new way of working, and we need to leverage AI across every facet of our jobs," CEO Brian Armstrong said in a ...
The Next Web

Coinbase cut 700 jobs on Monday, lost $394 million on Thursday, and went dark on Friday because a data centre overheated

Coinbase went offline for seven hours after an AWS data centre overheated in Virginia. The outage capped a week of 700 layoffs and a $394M quarterly loss.
CoinDesk

Coinbase bulls point to crypto legislation and stablecoins after earnings miss

Coinbase’s (COIN) weak first-quarter earnings report sparked another divide on Wall Street over whether the crypto platform is building a more durable business or remains tied to crypto’s ...