Coinbase cuts 14% of staff as it pushes AI-driven restructuring

11 articles · Updated · MarketWatch · May 5

Chief executive Brian Armstrong said the layoffs affect about 700 employees, while Coinbase shares rose 3.4% in premarket trading.
The company said the move is intended to make the crypto exchange leaner and faster as it adapts operations around artificial intelligence.
Earlier reports said Coinbase expects $50 million to $60 million in restructuring costs by the second quarter of 2026 amid volatile crypto markets.

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