Coinbase Embarks on AI-Driven Restructuring, Cuts 14% of Workforce

Coinbase, one of the largest digital asset exchanges, has initiated significant layoffs as part of its efforts to streamline operations and adapt to the rapidly evolving artificial intelligence landscape.

The company plans to cut around 14% of its global workforce, which translates to approximately 700 jobs. This move is a direct response to the challenging market conditions, characterized by subdued trading volumes and weak investor sentiment.

As part of this restructuring effort, Coinbase aims to focus on AI-driven workflows, enabling teams to work more efficiently and productively. The company expects to complete this exercise largely in the second quarter of 2026, with charges amounting to around $50 million to $60 million primarily related to severance and employee benefits.

Affected employees will receive a minimum of 16 weeks of base pay for U.S. staff, additional transition support, and six months of healthcare coverage. This move is not unprecedented for Coinbase, as the company has previously undertaken job cuts during downturns in the crypto market.