Coinbase Global, Inc. (COIN)
Coinbase turns into a poster child for the crypto selloff
Coinbase's quarterly earnings include a 40% on-year decline for transaction revenue, illustrating the effects of a weaker crypto market.
Coinbase posts steep first-quarter loss after slide in crypto prices
Investors will be looking for details on Coinbase's efforts to diversify its revenue streams, including progress on its "everything exchange" vision. They will also be seeking more information around operating discipline and margins after Coinbase announced it would cut about 14% of its headcount, or 700 jobs.
Coinbase boss fires 700 workers in 6:55 a.m. email saying company must become ‘lean, fast, and AI-native'
Armstrong shared the memo on social media shortly before 7 a.m., telling staff the cuts were necessary as AI rapidly reshapes how work is done.
Coinbase CEO Warns American Workers: Mass Layoffs Are Coming to ‘Every Company'
The stock market spent much of the past two years celebrating artificial intelligence as the next great productivity boom.
Coinbase lays off 700 employees amid market downturn, AI shift
Coinbase Global Inc (NASDAQ:COIN) is cutting roughly 14% of its global workforce, or about 700 employees, as the cryptocurrency exchange moves to reduce costs and adapt to what CEO Brian Armstrong described as a shifting market and rapid advances in artificial intelligence. The layoffs were announced Tuesday in a message to employees that Armstrong also shared publicly on the social media platform X.
Coinbase Bets on On-Chain Credit With New Tokenized Fund
Coinbase launches CUSHY, a tokenized credit fund to tap into rising on-chain liquidity and link traditional credit markets with digital assets.
Coinbase to cut 14% of its workforce as part of restructuring plan
The move comes as the crypto exchange navigates volatility in crypto markets.
Coinbase Will Lay Off 15% Of Staff—As AI-Related Layoffs Soar
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Tiny teams, no 'pure managers,' and AI: Coinbase's memo has all the classic ingredients of a 2026 layoff letter
Coinbase is laying off 14% of its staff. Its CEO cited AI as the key reason for this, as it pivots to tiny teams and away from layers of management.
Coinbase will lay off 14% of its staff as AI spurs ‘a new way of working'
Coinbase will pivot to more “one-person teams,” meaning that employees will be asked to act as engineers, designers and product managers all in one — with the help of AI.
Coinbase to lay off 14% of staff as part of broader restructuring
Crypto exchange Coinbase said on Tuesday it is laying off about 700 employees, or 14% of its staff, as part of a broader restructuring aimed at addressing market volatility and increasing the use of AI tools to improve efficiency.
Coinbase to Slash 14% of Workforce as Part of Restructuring
The crypto exchange said it was laying off 700 employees as part of a restructuring effort to trim costs and streamline operations.
