Coinbase lays off nearly 700 workers in 'AI-native' restructuring

Engadget | 05.05.2026 23:29
Coinbase is the latest tech company to gut its workforce as part of an AI-centric restructuring. The company will lay off approximately 14 percent of its total headcount, CEO Brian Armstrong wrote in a blog post. According to Reuters, that equates to around 700 employees.