More Tech Layoffs: Coinbase Cuts 14% of Workforce in AI Push
Coinbase is laying off 14% of its workforce, around 700 employees, as it shifts towards an AI-native structure amid weaker crypto trading conditions. CEO Brian Armstrong aims to make the company 'lean, fast, and AI-native' by restructuring teams and leveraging AI tools.
Coinbase is cutting 14% of its global workforce, affecting approximately 700 employees, in response to weaker crypto trading conditions and a shift towards AI-driven work. CEO Brian Armstrong is restructuring the company to be 'lean, fast, and AI-native'. The move includes flattening the management system to five layers below top leadership and creating smaller, AI-focused teams. Coinbase plans to complete the restructuring by the second quarter of 2026. Laid-off employees will receive transition support, including at least 16 weeks of base pay in the US, plus additional benefits. The company's shares dipped slightly following the announcement.
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