AI Restructuring
Àwòrán tí AI ṣe
Coinbase cuts 14% of staff for AI and market reset
Ti AI ṣe iroyin Àwòrán tí AI ṣe
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.