- Coinbase cuts 14% workforce as Kalshi sees 92% odds 2026 tech layoffs exceed 2025 levels.
- Armstrong says AI lets engineers ship in days what previously took entire teams several weeks.
- Coinbase previously cut 18% in 2022 and 20% in 2023, but those were market-driven, not AI-driven.
Coinbase’s decision to cut approximately 700 jobs, or 14% of its workforce, on Tuesday is being read by prediction market traders