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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Coinbase Layoff Email Stuns Staff — CEO Says 'AI Can Do Weeks Of Work In Days' As 14% Jobs Cut

Coinbase Brian Armstrong
Brian Armstrong believes inaction in the AI era poses massive risks. (Credit: x.com/brian_armstrong/)

If you still believe AI does not pose a risk to jobs worldwide, maybe a letter from Coinbase CEO Brian Armstrong to employees about a massive layoff could offer you a glimpse of what is about to come.

In a Tuesday post on X, Armstrong revealed that he will downsize Coinbase workforce by around 14%. He explained how AI has changed how the company operates over the past year.

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