Coinbase said on Tuesday it will cut about 700 jobs, or about 14% of its global workforce, as part of a restructuring plan aimed at reducing costs and repositioning the business for the artificial intelligence era.
The move comes as the crypto exchange navigates volatility in crypto markets. Layoffs have been widespread across U.S. companies at the start of the year, as businesses cut expenses, simplify operations and adjust to the growing use of AI tools.
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Source: Reuters | Published: 2026-05-05T11:04:50Z
Credit: Reuters
