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Coinbase is cutting 14 per cent of its workforce. The reason it gave was not the crypto downturn. It was AI.
May 5, 2026
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Coinbase is cutting 14 per cent of its workforce, roughly 660 employees from a company of 4,700, two days before it reports the worst quarterly earnings in its history as a public company. CEO Brian Armstrong announced the layoffs on Tuesday in a letter to staff that mentioned the crypto market downturn in passing and [] This story continues at The Next Web
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Coverage and analysis from Netherlands. All insights are generated by our AI narrative analysis engine.
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