Coinbase to Cut 14% of its Jobs

Coinbase to Cut 14% of its Jobs

Coinbase is reducing its workforce by about 14% due to the current downturn in the cryptocurrency market and the increasing role of artificial intelligence. CEO Brian Armstrong explained the company is streamlining its operations and becoming more focused on AI. This involves simplifying management and creating smaller, more effective teams to increase speed, efficiency, and prepare for future market changes as AI reshapes the industry.

Read More

2026-05-05 14:52