Coinbase’s Missed ‘Learning’ on Hiring

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There must be a template out there somewhere, probably created by AI, that companies use to announce layoffs nowadays. After the usual verbiage about a “difficult decision,” yadda yadda, the template calls for the CEO to mention that “AI is changing how we work.” 

Coinbase joined the ranks of companies following that template on Tuesday, with CEO Brian Armstrong using such language about AI to help explain cuts of 14% of Coinbase’s workforce. But you couldn’t be blamed for thinking these layoffs have little or nothing to do with AI.