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893 Coinbase to Cut 14% Jobs, Citing Market Conditions and AI

The Information
Yueqi Yang @ The Information · 05/05/2026 08:30 EDT

Coinbase to Cut 14% Jobs, Citing Market Conditions and AI

Coinbase, the biggest U.S. crypto exchange, said it plans to cut 14% of jobs, or about 700 staff, to manage costs in the market downturn and improve efficiency using artificial intelligence. Shares rose 4% in early market trading. The cut will reduce layers and eliminate “pure managers,” as ...

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