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Coinbase lays off 700 and reveals severance terms for Indian visa holders
Business
Published on 6 May 2026
The visa details could change how long you get paid
Coinbase is cutting about 14% of its global workforce, affecting roughly 700 employees, citing tough market conditions and the shift toward an AI-first operation. The company says severance will be provided, including tailored provisions for international staff and employees on work visas, as it restructures to stay lean and move faster with automation.
- Coinbase plans layoffs affecting around 700 employees globally
- Company cites market pressure and AI-driven restructuring
- Severance includes specific terms for work-visa employees
- Restructure aims for a leaner AI-native workforce
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times