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business3d ago
Coinbase is laying off 14% of staff, citing AI. Read the letter from its CEO.
Mrf.lu and 13 more
Highlights
- Coinbase plans to cut about 700 jobs, or roughly 14% of its global workforce, as part of a broader cost-reduction and restructuring to position the company for an AI-enabled future.
- Coinbase is set to lay off around 14% of its workforce, or 700 jobs, as the company moves toward becoming ‘AI-native’ amid broader industry shifts toward automation.
- March 2026 was the worst month for tech layoffs since 2024 as AI was cited as a main or contributing factor across firms, underscoring a broader shift toward AI-driven efficiency.
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References
Coinbase latest crypto firm to slash staff citing market conditions and AI shift. Reduces it by 14%.
Coinbase is laying off 14% of staff, citing AI. Read the letter from its CEO.
Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining
Coinbase to lay off 14 percent of workforce over AI concerns
Coinbase to cut 14% of its workforce as part of restructuring plan
Coinbase announces workforce will be cut by about 14% - UPI.com
Coinbase Cuts 14% of Staff Amid Greater Focus on AI | PYMNTS.com
Coinbase cuts 700 jobs citing AI productivity
Coinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down | Fortune
Crypto exchange Coinbase to lay off 14% of staff as AI reshapes work
Coinbase is cutting 14 percent of its staff.
Cryptocurrency companies join Silicon Valley's wave of layoffs! Coinbase lays off 14% of its workforce; CEO says AI is bringing profound change.
Freshworks and Coinbase announce more than 1 in 10 jobs to go as companies replace workforce with AI technologies – tech company layoffs near 100K in 2026 alone
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