The post Coinbase to Cut 14% of its Jobs appeared first on Coinpedia Fintech News
Coinbase is laying off about 700 employees, or 14 percent of its workforce, as it adjusts to crypto market cycles and rising AI-driven productivity. CEO Brian Armstrong said engineers can now build products much faster using AI tools, reducing the need for large teams. The company is shifting to a leaner, AI-native structure with fewer management layers and smaller teams. Affected employees will receive severance packages, while Coinbase aims to emerge stronger from ongoing market changes and industry transformation.