economy
May 5, 2026
Coinbase is laying off 14% of staff, citing AI. Read the letter from its CEO.
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."
TL;DR
- Coinbase CEO Brian Armstrong announced staff layoffs.
- The cuts are intended to make the company leaner, faster, and more efficient.
- The changes are part of Coinbase's preparation for its next phase of growth.