Coinbase layoffs: Brian Armstrong says AI is reshaping work, trims 14% workforce
Coinbase is laying off 14% of its workforce as it reshapes operations around artificial intelligence and navigates a volatile market environment, according to CEO Brian Armstrong. The company plans to adopt flatter structures and AI-driven teams to drive efficiency and growth.
Coinbase will reduce its workforce by around 14% as it moves to reshape operations around artificial intelligence and navigate a volatile market environment. CEO Brian Armstrong said the decision is aimed at making the company 'leaner, faster, and more efficient' as it prepares for the next phase of growth. The company plans to adopt flatter structures and AI-driven teams, reducing organisational layers to speed up decision-making. Coinbase is building 'AI-native pods,' small teams capable of leveraging AI tools to deliver outsized output. Affected employees will receive severance packages and transition support, with US employees receiving at least 16 weeks of base pay and additional benefits.
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