Coinbase is laying off 14% of staff, citing AI. Read the CEO's letter.

In a Tuesday X post, CEO Brian Armstrong said the cuts were to "be leaner, faster, and more efficient for our next phase of growth."

May 5, 2026 - 16:00
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Coinbase is laying off 14% of staff, citing AI. Read the CEO's letter.
In a Tuesday X post, CEO Brian Armstrong said the cuts were to "be leaner, faster, and more efficient for our next phase of growth."

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