Coinbase lays off nearly 700 workers in 'AI-native' restructuring
Engadget
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CEO Brian Armstrong blamed a downturn in crypto markets.
- Coinbase to Slash 14% of Workforce as Part of Restructuring Wall Street Journal —
- Coinbase is slashing its workforce as AI reshapes the crypto industry Quartz —
- Coinbase to slash 14 per cent of workforce amid AI impact and market volatility City AM —
- Tiny teams, no 'pure managers,' and AI: Coinbase's memo has all the classic ingredients of a 2026 layoff letter Business Insider —
- Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining CNBC —