Kraken Cuts 150 Staff, Citing Rising AI Use
Cointelegraph
Kraken has laid off approximately 150 employees, citing increased AI-driven operational efficiencies and potential delays to its planned initial public offering.Summary
Crypto exchange Kraken, officially known as Payward, has reportedly laid off 150 employees to streamline operations using artificial intelligence. While the company stated no further cuts are currently planned, these measures may delay Kraken's goal of going public in the United States until 2027. This move reflects a broader trend in the crypto sector where companies are increasingly citing AI efficiencies as a rationale for workforce reductions amidst a fluctuating market.
(Source：Cointelegraph)