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884 Coinbase is laying off 14% of staff, citing AI. Read the letter from the CEO.

Business Insider
Robert Scammell @ Business Insider · 05/05/2026 07:24 EDT

Coinbase is laying off 14% of staff, citing AI. Read the letter from the CEO.

In a Tuesday X post, CEO Brian Armstrong said the cuts were to "be leaner, faster, and more efficient for our next phase of growth."

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