Coinbase Lays Off 14% of Staff as Kalshi Sees 92% Odds of More Tech Layoffs
Share:
Coinbase (CEX) cut ~700 jobs (~14%) on Tuesday; this follows prior reductions of 18% in 2022 and 20% in 2023, and CEO Brian Armstrong says AI lets engineers ship in days what used to take weeks. Kalshi prices a 92% probability that 2026 tech layoffs will exceed 2025’s 447,000; the BLS reports 178,000 information‑sector layoffs through March, indicating escalating industry headcount risk. AI-driven productivity gains may drive further crypto-sector layoffs and weigh on crypto adoption and CEX volumes, posing downside market and hiring pressure.
Predictions Markets
See what traders are focused on
- 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 as confirmation of a trend that is only getting started. Kalshi currently prices a 92% probability that total tech layoffs in 2026 will exceed the 447,000 recorded in 2025. With the Bureau of Labor Statistics already reporting 178,000 layoffs in the information sector through March alone, that threshold looks increasingly likely to be crossed well before year’s end.
Coinbase is the latest data point in what is becoming a clear pattern. Block cut more than 4,00…
Read The Full Article Coinbase Lays Off 14% of Staff as Kalshi Sees 92% Odds of More Tech Layoffs On Coin Edition.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share:
Read More
Coinbase Secures UK MiFID License to Expand Trading Beyond Crypto
