Crypto exchange Kraken recently laid off approximately 150 employees. The company cited increased efficiencies from deploying artificial intelligence. These staff reductions could delay its planned US initial public offering. Kraken now reportedly aims for a public debut in 2027. Other crypto firms also cut jobs this year, often citing AI use.
https://www.tradingview.com/news/cointelegraph:b71f2d6f4094b:0-kraken-cuts-150-staff-amid-ai-efficiencies-potentially-delaying-ipo-report/