Kraken layoffs — May 16, 2026

Kraken has cut about 150 jobs as it expands its use of artificial intelligence. According to a Bloomberg report, the crypto exchange is using AI tools to streamline operations and improve efficiency. The layoffs come as the broader crypto market faces weaker conditions and falling digital asset prices. They also arrive during a wider wave of restructuring across the industry.

Kraken is not planning more layoffs for now. Even so, the move shows how quickly AI is changing work inside crypto firms.