0:00
3:55
3:55

PayPal, Coinbase Announce Layoffs as AI Impact Bites

Tech

Software shares continue to feel the impact of AI uncertainty, with news coming out about job cuts at PayPal and Coinbase as well as disappointing commercial sales from Palantir. Lauren Webster, managing director in the technology investment banking group at Piper Sandler, discusses the market moves with Caroline Hyde on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg   Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyKjxokJ   Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology Connect with us on... X: https://twitter.com/technology Facebook: https://www.facebook.com/BloombergTechnology Instagram: https://www.instagram.com/bloombergbusiness/   Follow Ed Ludlow on X here: https://twitter.com/EdLudlow Follow Caroline Hyde on X here: https://twitter.com/CarolineHydeTV   Listen to the daily Bloomberg Technology podcast here: https://www.bloomberg.com/podcasts/series/bloomberg-technology   More from Bloomberg Business Connect with us on... X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ TikTok: https://www.tiktok.com/@bloombergbusiness

ADVERTISEMENT

Comments 5

Sign in to join the conversation

Sign in
E
eloisa.cardenas 1 month, 1 week ago

This is horrible.

taylorsmith924
taylorsmith924 1 month, 1 week ago

bla bla CLICKBAIT

Z
zoé_rousset 1 month, 1 week ago

HOW MUCH FOOD IS THIS PRODUCING?

N
naksh_chaudhry 1 month, 1 week ago

This "re-organization" of PayPal and Coinbase is far more another casualty of the Iran war than AI revolutionizing work.

R
ray_lewis 1 month, 1 week ago

I’m sure a lot of their business can be automated, bummer to see more jobs go but not surprising