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880 Coinbase lays off 700 employees, or 14% of its workforce, citing AI shift and crypto market weakness

Startups News
Daniel Levi @ Startups News · 05/05/2026 11:54 EDT

Coinbase lays off 700 employees, or 14% of its workforce, citing AI shift and crypto market weakness

The cuts landed just days before earnings. Coinbase is laying off about 700 employees, roughly 14% of its workforce, as the company reshapes itself around AI and braces for a softer crypto market. CEO Brian Armstrong framed the move as ...

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