Coinbase Cuts Workforce Amid Crypto Market Volatility

Coinbase has initiated a significant restructuring effort, cutting around 14% of its global workforce as part of its shift towards an AI-native organization. According to CEO Brian Armstrong, this move is driven by ongoing crypto market volatility and rapid productivity gains from artificial intelligence tools.

The company aims to transform into a leaner, faster, and more efficient entity, better equipped to navigate the next bull cycle in the cryptocurrency market. This change will see Coinbase flatten its organizational structure to five layers, remove pure manager roles, and establish AI-native pods with high impact.