AI Layoffs & Jobs News ・ 📉 Job cuts attributed to AI

Web3 layoff wave: AI did not take the jobs, the industry ran out of money

PANews · 11/04 09:41 UTC

Layoffs in the Web3 industry have continued for more than six months. Coinbase officially announced a cut of about 14% of staff, but a former employee says about 90% of its India site left. Interviewees say layoffs are being disguised as AI-driven or performance-related to avoid compensation, and that the industry's real problems are rising listing fees and drained liquidity.

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