Coinbase cuts 14% of staff to focus on AI and streamline operations amid crypto market volatility

Coinbase is reducing its workforce by 14% as part of a strategic shift to emphasize artificial intelligence and improve efficiency. CEO Brian Armstrong highlighted that AI is enabling smaller teams to handle more work by automating tasks and shortening project timelines. The layoffs also respond to ongoing crypto market volatility, with Coinbase aiming to become leaner and faster to prepare for future growth. The company plans to restructure with fewer management layers and prioritize AI-native talent, reflecting a broader trend in fintech where AI reshapes organizational structures and workforce needs.