Coinbase Global Cuts 14% Of Staff As It Employs More A.I.

CryptoProwl

Tue, May 5, 2026 astatine 7:37 AM CDT 1 min read

Cryptocurrency speech Bullish (NYSE: $BLSH) is acquiring transportation cause and shareholder services steadfast Equiniti for $4.2 cardinal U.S.

Cryptocurrency speech Coinbase Global (NASDAQ: $COIN) is cutting 14% of its workforce, oregon astir 660 people, arsenic it adopts and employs much artificial quality (A.I.) technologies. 

Coinbase Chief Executive Officer (CEO) Brian Armstrong announced the occupation cuts connected societal media. He besides said the institution is responding to antagonistic marketplace conditions. 

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The crypto steadfast had much than 4,700 employees worldwide astatine the extremity of 2025. 

“Over the past year, I've watched engineers usage AI to vessel successful days what utilized to instrumentality a squad weeks,” Armstrong wrote connected X, adding that “the gait of what's imaginable with a small, focused squad has changed dramatically…”

Coinbase employees laid disconnected successful the U.S. volition person a minimum of 16 weeks pay, positive 2 weeks of severance wage for each twelvemonth they were employed by the company. 

This is the latest successful a bid of crypto layoffs successful caller months arsenic companies set to economical headwinds and A.I. technologies. 

Gemini Space Station (NASDAQ: $GEMI) announced it would destruct 200 positions, adjacent to astir 30% of its staff. Crypto.com has said it is trimming 12% of its workforce, oregon astir 180 positions.

COIN banal is down 14% this twelvemonth and trading astatine $202.99 U.S. per share.