Coinbase Implements 14 Percent Workforce Reduction for AI-Native Shift

Coinbase is undergoing significant restructuring in response to changing market conditions and a desire to become 'leaner and faster'. The company plans to cut 14% of its workforce, a move that is being framed as a strategic pivot towards an AI-native structure. This decision marks one of the largest workforce reductions at Coinbase since its 2022 layoffs during the crypto winter.