Watch PayPal, Coinbase Announce Layoffs as AI Impact Bites - Bloomberg

May 5th, 2026

PayPal, Coinbase Announce Layoffs as AI Impact Bites

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.”

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