Coinbase announces workforce will be cut by about 14%

UPI — May 05, 14:11 PM

https://cdnph.upi.com/ph/st/th/2291777989833/2026/upi/b66407b43088adb2668d214c29706acb/v1.5/Coinbase-announces-workforce-will-be-cut-by-about-14.jpg" /> Brian Armstrong, CEO of cryptocurrency exchange Coinbase, announced the company is downsizing about 14% of its workforce, in part due to AI.

Read full article at UPI →

Coinbase to cut 14% of staff

Coinbase to Slash 14% of Workforce as Part of Restructuring Wall Street Journal — May 05, 12:00 PM
Coinbase is slashing its workforce as AI reshapes the crypto industry Quartz — May 05, 12:50 PM
Coinbase to slash 14 per cent of workforce amid AI impact and market volatility City AM — May 05, 12:57 PM
Tiny teams, no 'pure managers,' and AI: Coinbase's memo has all the classic ingredients of a 2026 layoff letter Business Insider — May 05, 13:27 PM
Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining CNBC — May 05, 11:48 AM