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Coinbase Cuts 700 Jobs and CEO Warns Every Company Will Do the Same

BACKGROUND
1 SIGNALFIRST DETECTED 7 May 2026
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How the story developed
7 May
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Other feeds and industry voices
5 May
Crypto exchange Coinbase to cut about 14% of workforce

&#32; submitted by &#32; <a href="https://www.reddit.com/user/talkingatoms"> /u/talkingatoms </a> <br /> <span><a

OPINION · WHAT · ArtificialInteligenceOPEN STORY
5 May
Coinbase lays of 14% of the company to be more AI aligned

<!-- SC_OFF --><div class="md"><p>Source:</p> <p><a

OPINION · WHAT · singularityOPEN STORY
24 Mar
Built a tracker of every company that cited AI as the reason for layoffs in 2026

<!-- SC_OFF --><div class="md"><p>AI is reshaping the job market faster than any technology in history. This tracker documents every major company that has cited AI as the reason

OPINION · HOW · LocalLLaMAOPEN STORY
9 May
Cloudflare’s AI usage increased by 600% in the last 3 months, leading to the elimination of 1,100 jobs as part of an Agentic AI restructuring

<table> <tr><td> <a href="https://www.reddit.com/r/singularity/comments/1t837hp/cloudflares_ai_usage_increased_by_600_in_the_last/"> <img alt="Cloudflare’s AI usage increased by

OPINION · WHAT · singularityOPEN STORY
19 May
StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital'

&#32; submitted by &#32; <a href="https://www.reddit.com/user/talkingatoms"> /u/talkingatoms </a> <br /> <span><a

OPINION · WHAT · ArtificialInteligenceOPEN STORY
1 Apr
Thousands lose their jobs in deep cuts at tech giant Oracle

<!-- SC_OFF --><div class="md"><p>&quot;Tech giant Oracle made &quot;significant&quot; job cuts on Tuesday, according to senior employees posting online.</p> <p>Michael Shepherd,

OPINION · WHAT · ArtificialInteligenceOPEN STORY
6 May
Freshworks to cut 11% jobs as AI reshapes software industry reut.rs/3QTYB14

Freshworks to cut 11% jobs as AI reshapes software industry reut.rs/3QTYB14

OPINION · WHAT · ReutersOPEN STORY
19 Mar
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