Coinbase Cuts 14% of Staff Amid Crypto 'Down Market,' AI Adoption: CEO

Decrypt Editorial

(12:18 PM UTC)

1 min read

In brief

Coinbase is cutting roughly 14% of its workforce, CEO Brian Armstrong announced Tuesday, citing crypto "down market" and AI-driven productivity shifts.
Armstrong said the exchange is rebuilding as an "intelligence, with humans around the edge," flattening its org structure to five layers maximum below CEO/COO.
Affected U.S. employees will receive a minimum of 16 weeks' base pay plus two…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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