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Dragonfly Investor: Coinbase expects to save $225 million annually in payroll expenses after layoffs
Odaily Planet Daily reports that Dragonfly investor Omar Kanji posted on X stating that Coinbase’s 14% layoffs are expected to save $225 million in annual salary expenses.
Earlier, Coinbase CEO Brian Armstrong posted on X stating that due to market conditions and the transition to an AI-native architecture, the company will lay off about 14%.