Coinbase Cuts 14% of Staff in AI Restructuring
Cointelegraph
Coinbase is cutting approximately 14% of its workforce, or 700 jobs, to streamline operations and integrate artificial intelligence into its business model.Summary
Coinbase CEO Brian Armstrong announced a 14% workforce reduction, affecting roughly 700 employees, as the exchange pivots toward an AI-native operational structure. The company aims to flatten its hierarchy and utilize automation to increase output amid a challenging market. Impacted US employees will receive at least 16 weeks of base pay, health coverage, and additional tenure-based benefits. Coinbase expects to complete the restructuring by the second quarter of 2026 at a cost of $50 million to $60 million, reflecting a broader trend of crypto firms reducing staff to improve efficiency through AI.
(Source：Cointelegraph)