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Coinbase to cut 700 jobs in major restructuring ahead of AI era
Technology
Published on 5 May 2026
Layoffs are tied to preparing for AI-driven operations
Crypto exchange Coinbase says it will cut about 700 jobs, roughly 14% of its global workforce, as it restructures to reduce costs and reposition for the next wave of AI-led trading and operations. The company expects most layoffs to be completed by the second quarter of 2026, signaling a long runway for transformation rather than a quick headcount reset.
- Coinbase plans to cut around 700 roles, about 14% of staff
- Restructuring targets cost reduction and a shift toward AI readiness
- Most layoffs are expected to finish by Q2 2026
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times