How AI became crypto's favorite reason to cut staff

8 May, 13:29
Source: Cointelegraph

AI Summary

Major crypto-related companies including Coinbase and Block cite AI adoption as justification for recent workforce reductions, though industry observers suspect the technology may be serving as cover for broader cost-cutting measures.

How AI became crypto's favorite reason to cut staff

Coinbase, Block and Crypto.com have all cited AI to justify recent cuts, though Scale AI’s Jason Droege suspects companies are using the technology as cover.