Coinbase is cutting 14 percent of its staff – Breaking News & Latest Updates 2026
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Stevie Bonifield
Coinbase is cutting 14 percent of its staff.

As Reuters reports, the crypto exchange is laying off around 700 employees. CEO Brian Armstrong wrote in a letter to staff that crypto is “currently in a down market,” which, along with increasing use of AI, is pushing Coinbase to reduce costs.

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