Coinbase boss fires 700 workers in 6:55 a.m. email saying company must become ‘lean, fast, and AI-native’

Armstrong shared the memo on social media shortly before 7 a.m., telling staff the cuts were necessary as AI rapidly reshapes ...

Crypto giant Coinbase fires 700 people in brutal email as company company looks to AI

Coinbase chief executive Brian Armstrong shortly before 7am on Tuesday, May 5, shared a memo on social media telling staff ...

‘Sudden and harsh’: Coinbase boss fires 700 staffers in brutal 7am email

Coinbase chief executive Brian Armstrong has informed employees in an early morning message that the cryptocurrency exchange ...

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

Coinbase is gutting middle management—and rebuilding around AI

This wasn't just a layoff. When Coinbase Global, Inc. COIN cut roughly 14% of its workforce, the headline looked familiar.

Coinbase to lay off 14% of staff as part of broader restructuring

The restructuring is aimed at addressing market volatility and increasing the use of AI tools to improve efficiency.

Coinbase to Lay Off 14% of Workforce Amid AI Disruption and Crypto Volatility

The crypto exchange has joined the bull market for blaming cuts on AI.
Bitcoin Magazine

Coinbase Cuts 14% of Workforce, Signals AI-Driven Future

Coinbase CEO Brian Armstrong took to Twitter to announce that Coinbase will cut 14% of its workforce as part of a shift ...
The Next Web

Coinbase is cutting 14 per cent of its workforce. The reason it gave was not the crypto downturn. It was AI.

Coinbase is laying off 660 employees and restructuring into AI-native pods with a five-layer management cap. Q1 revenue is expected to fall 26% as crypto volumes drop 48%.