Coinbase fires 700 workers, says company must be lean, fast and AI native

[Majestic-milf]

 Imagine waking up to a 6:55 am mail, telling you your services are no longer needed at a company you may have probably given your best at, and grown to love. Sucks right? That's the situation for 700 workers at Coinbase.
 Woke up this morning to see the news and although it's a day old, it's still something we should dig in and talk about.
Coinbase Chief, Bryan Armstrong, has decided to eliminate roughly 14% of its company staff, citing a restructuring around artificial intelligence as reasons to the work rate cut.
Now it's not news that AI has begun to take center stage in businesses and the humans are gradually becoming obsolete and this action by Coinbase just shows that very soon, it won't be just 700 workers that will get dropped, but more, since he says "AI is rapidly reshaping how work is done across the tech industry".
 I'm just curious though. With AI gaining so much power and sweeping away the human workforce, will there be a need for manpower or should we start looking for something else to do?

Source: https://nypost.com/2026/05/07/business/coinbase-boss-fires-700-workers-in-655-a-m-email/

[Charles-Tim]

Similar topic is already existing since 3 days ago on the service discussion board.

Coinbase reduces work force by ~14%

Although, I do not think that it should belong to service discussion board because we are not discussing about Coinbase products and services, but we are discussing about about Coinbase workers. It supposed to belong economic board just like this thread.

[Chibit01]

The topic also have an active thread on this forum: https://bitcointalk.org/index.php?topic=5582208.0

Take it all we leave it this is the new era we are in right now everyone should not be too comfortable with their job, maybe employment contracts might protects you a little but then again every company is going for what will save them more cost even if it takes them to fire some lf their workers and render them jobless, it's all about accepting innovation.

[sergiorus]

Similar topic is already existing since 3 days ago on the service discussion board.

Coinbase reduces work force by ~14%

Although, I do not think that it should belong to service discussion board because we are not discussing about Coinbase products and services, but we are discussing about about Coinbase workers. It supposed to belong economic board just like this thread.

it first appeared in Bitcoin Discussions iirc but the moderators moved it there.
I am not sure where it belongs but as I wrote in the other thread, it's 4th round of layoffs since 2022 so not even that worthy of a thread

[Odusko]

Point to note is that, not all human are getting replaced with AI but those that their services may not b needed any more, because AI at whatever Level still depends on human interference to function well, so if AI replaces humans this are the unskilled and improving section of staff's, not technical staff's will v affected by this, we need to always make clarity of that fact, I also saw a thread about this discussion earlier so you should lock this thread and let the discussion continue there.

[snowpega]

<...>

That is literally a sad and wrong thing that companies have started to fire staff/employees for the integration of new technology and AI systems into the company, for the replacement of human work. That is so wrong, a technology which is designed by humans will disturb many things in the future for humans themselves. So, that is why I think that AI technology should be restricted to a specific domain so that humans can control it, or the need for humans in workplaces at that time should also be possible.

I was seeing such kind of news on social media that some countries are considering signing such a law that companies can not replace human jobs with AI integration in the company ecosystem to keep the job opportunities healthy. And I think this news was from China. It really feels good to read that such a kind of action is being taken for the betterment of the future.

You can see this source here... Chinese court rules firms can’t lay off workers on AI grounds

[Majestic-milf]

 It's something to be sad about because this is putting a lot of people out of jobs and considering that there's a rise in price of things so being without a job can cause depression and lead to another issues of stealing or even suicide when they can't provide for their families.
Since Charles-Tim has provided a link so we can talk there as I'd lock this thread now.