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Crypto
Bitcoin Depot halts ATM business after losing fee edge and facing regulatory burden
Bitcoin Depot, North America\'s largest bitcoin ATM operator, has halted its cryptocurrency ATM network after seeking bankruptcy protection in the United States. It filed for Chapter 11 in a Texas bankruptcy court and plans to pursue asset sales under court supervision. The company said financial performance deteriorated sharply, pressured by cheaper regulated apps, high costs to maintain more than 9,000 machines and stricter state-by-state rules. Fraud-related allegations and enforcement actions in Massachusetts and Connecticut also added to the strain.
AI & Enterprise
AI era puts companies at HR crossroads: layoffs or more output with staff retention
Companies expect AI to lift productivity, but their approaches are narrowing to 2 paths: cutting staff to save costs, or keeping headcount while having existing employees do more with AI. The Wall Street Journal reported layoffs linked to AI have become more visible this year, citing Gartner survey results showing about 80 percent of firms using AI agents or automation are reducing staff. Some companies aim to maintain staffing while increasing output.
AI & Enterprise
AI rationale drives mass layoffs at tech firms, raising fears of risky gamble
More tech companies are carrying out large-scale layoffs, citing AI investment and efforts to boost efficiency, but there are doubts about whether the strategy will produce the results they want. A report said U.S. tech firms have announced 52,050 job cuts so far in 2026. The Wall Street Journal reported that companies are trying to frame the reductions as preparation for an AI-driven future, even as risks include morale damage, backlash and investor concerns.
