{"id":4239,"date":"2026-05-05T17:30:09","date_gmt":"2026-05-05T17:30:09","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/after-coinbase-prediction-markets-traders-see-more-tech-layoffs\/"},"modified":"2026-05-05T17:30:09","modified_gmt":"2026-05-05T17:30:09","slug":"after-coinbase-prediction-markets-traders-see-more-tech-layoffs","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/after-coinbase-prediction-markets-traders-see-more-tech-layoffs\/","title":{"rendered":"After Coinbase, prediction markets traders see more tech layoffs"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108100616\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Lionel Bonaventure | Afp | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Coinbase<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> became the latest tech company to announce a round of layoffs Tuesday morning, blaming artificial intelligence for altering the company&#8217;s operations. Prediction markets traders think the fintech company is yet another sign of what&#8217;s to come among technology providers.\u00a0<\/p>\n<p>Traders on Kalshi give a 92% chance to more tech layoffs in 2026 than in 2025, when they job losses totaled 447,000.\u00a0<\/p>\n<p>Already in 2026, the Bureau of Labor Statistics has reported 178,000 layoffs in the information sector through March, according to data from the Job Openings and Labor Turnover Survey.\u00a0<\/p>\n<\/div>\n<div class=\"group\">\n<p>For its part, Coinbase is cutting 14% of its workforce. In addition to AI, the company added the downturn in cryptocurrency prices in the last six months weighed on the decision too. <\/p>\n<p>In February, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\">Block<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> cited AI as the reason for laying off almost half of its workers. In April, Instagram and WhatsApp owner <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\">Meta Platforms <span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>cut 10% of its workforce, or about 8,000 workers, as it ramps up AI investment. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-7\">Amazon<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> laid off 16,000 corporate workers in January, saying it was part of an anti-bureaucracy push.\u00a0<\/p>\n<p>Total employment in the information sector has declined dramatically since its post-pandemic peak of more than 3.1 million. <\/p>\n<p>In March, the total was just under 2.8 million workers.\u00a0<\/p>\n<p>Traders on Polymarket have a similarly grim outlook for tech layoffs, giving 87% odds to more cuts in 2026 than in 2025. <\/p>\n<p><em>Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.<\/em><\/p>\n<p><em>Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds &#8211; from financial professionals to everyday individuals &#8211; come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you&#8217;re starting from, you&#8217;ll leave with clearer thinking, stronger strategies. Enter your email <\/em><em>here<\/em><em> to get a discount code<\/em><\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Lionel Bonaventure | Afp | Getty Images Coinbase became the latest tech company to announce a round of layoffs Tuesday morning, blaming artificial intelligence for altering the company&#8217;s operations. Prediction markets traders think the fintech company is yet another sign of what&#8217;s to come among technology providers.\u00a0 Traders on Kalshi give a 92% chance to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1840,1407,321,320,763,1127],"class_list":["post-4239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-coinbase","tag-layoffs","tag-markets","tag-prediction","tag-tech","tag-traders"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4239"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4240"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}