Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining

Monitors display Coinbase signage during the company's initial public offering at the Nasdaq MarketSite in New York City on April 14, 2021. Robert Nickelsberg | Getty Images News | Getty Images Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, citing a combination of market volatility and the how AI is quickly changing how the company operates. …