Prediction markets warn of bigger tech layoff wave in 2026
TL;DR Summary
Prediction-market traders see a larger wave of tech layoffs in 2026 than in 2025 (the information sector logged 447,000 layoffs in 2025). Kalshi assigns a 92% probability of more layoffs in 2026, and Polymarket puts the odds at 87%. Through March 2026, information-sector layoffs reached 178,000. Coinbase announced a 14% workforce reduction, citing AI and crypto weakness; other major tech layoffs followed (Meta, Block, Amazon). Overall information-sector employment has fallen from a pandemic peak of about 3.1 million to just under 2.8 million in March. Disclosure: CNBC and Kalshi have a commercial relationship.
- After Coinbase, prediction market traders forecast more tech layoffs ahead CNBC
- Coinbase Lays Off 14% of Employees as A.I. Changes Work The New York Times
- Read the email Coinbase CEO Brian Armstrong sent when he laid off 14% of his staff Fast Company
- Crypto exchange Coinbase plans to cut 700 jobs, citing 'market conditions' amid restructuring for 'AI era' Yahoo Finance
- Coinbase cuts 14% of staff, citing crypto slump and AI American Banker
Reading Insights
Total Reads
0
Unique Readers
5
Time Saved
2 min
vs 3 min read
Condensed
77%
402 → 93 words
Want the full story? Read the original article
Read on CNBC