Coinbase cut 14% of staff. Block cut 25%. Block's stock jumped 20% the same day.
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YouTubeJake Claver
Coinbase cut 14% of staff. Block cut 25%. Block's stock jumped 20% the same day.
COINBASE CUT 14% OF STAFF. BLOCK CUT 25%. BLOCK'S STOCK JUMPED 20% THE SAME DAY. The market is rewarding 'we replaced humans with AI' now, not growth. Stock investors are cheering layoffs in a way that wasn't possible five years ago. This is the new playbook, and every public company is going to run it. Cuts get announced as 'AI transformation ...
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