Kraken AI layoff details
Automation / efficiency citedreputable_reporting
Reported layoffs: 150
Industry: Finance · Geography: United States
FinanceFeeds, citing Bloomberg, reported that Kraken laid off approximately 150 employees after deploying artificial intelligence tools across its operations that improved efficiency.
Kraken has laid off approximately 150 employees following the deployment of artificial intelligence tools across its operations, Bloomberg reported on May 15, citing a person familiar with the matter.
The accessible FinanceFeeds syndication attributes the report to Bloomberg and says the cuts represented roughly 5% of Payward, Kraken parent company, while Kraken was expanding AI use more broadly across the business. Classified as automation-efficiency cited because the reported driver was efficiency gains after AI deployment, not a company statement that AI directly replaced specific roles.
Sources
- FinanceFeeds / Bloomberg, 2026-05-18