The cuts spotlight growing questions about whether AI is driving layoffs or justifying them.
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San Francisco-based Coinbase is one of the latest companies to pair layoffs with announcements that AI is changing the way the company operates.
Here are all the major tech companies that have blamed job cuts on artificial intelligence so far this year.
The technology was tied to a record 38,579 U.S. layoffs in May, accounting for 40% of all job cuts for the month.
The crypto exchange has joined the bull market for blaming cuts on AI.
In the latest in AI-related layoffs, Coinbase is cutting 14pc of its workforce, amounting to 700 employees, to save cost and…
Coinbase will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how…
A number of companies, including Snap, Coinbase, and Wix, have attributed recent staff reductions to AI.
