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PayPal, Coinbase Announce Layoffs as AI Impact Bites

May 8, 2026
in AI & Technology
Reading Time: 1 min read
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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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