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Coinbase CEO Brian Armstrong announces layoffs for AI efficiency and crypto market reset at 2026 press conference.
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Coinbase cuts 14% of staff for AI and market reset

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Coinbase announced a restructuring plan on May 5, 2026, cutting about 700 employees, or 14% of its workforce. CEO Brian Armstrong attributed the move to cryptocurrency market volatility and artificial intelligence-driven productivity gains. The changes aim to create a leaner, AI-native organization ahead of Q1 earnings on May 7.

A group of gamers and activists gathered outside Electronic Arts headquarters in Redwood City on May 11 to voice opposition to the company's recent layoffs, microtransactions, and a planned $55 billion acquisition by Saudi Arabia.

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Build a Rocket Boy, developer of the struggling open-world shooter MindsEye, has laid off roughly 170 of its 250 staff—its third round of redundancies in the past year—leaving around 80 employees, sources tell Kotaku. The cuts follow two prior rounds, the March 2026 closure of its French studio, and come amid poor reception to a recent Blacklist update.

Iberia and most of its unions have reached an agreement for a voluntary employment regulation file (ERE) affecting 996 employees, according to union and company sources. The deal includes early retirements at 80% of regulatory salary and incentivized redundancies of 35 days per year worked. It affects about 9.4% of the 10,700-strong workforce.

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Embracer-owned Eidos Montreal has laid off 124 employees due to changing project needs. Studio head David Anfossi, a 19-year veteran, is also departing. The studio described the cuts as necessary to focus efforts where it can be most effective.

Several developers from Warner Bros. Montréal have announced on LinkedIn that they have been laid off, with most finishing on Friday, 13th March. No formal confirmation from the company has been issued yet. The reports come amid ongoing struggles in Warner Bros.' games division.

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OP Labs, the developer behind the Optimism Ethereum layer-2 network, has laid off 20 employees as part of a restructuring effort. CEO Jing Wang stated that the move aims to streamline operations and prioritize core activities, not due to financial issues. The company emphasized its strong financial position with years of runway ahead.

 

 

 

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