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Coinbase lays off nearly 700 workers in 'AI-native' restructuring

Engadget • Tue, 05 May 2026

Coinbase lays off nearly 700 workers in 'AI-native' restructuring

CEO Brian Armstrong blamed a downturn in crypto markets.

What happened?

CEO Brian Armstrong blamed a downturn in crypto markets.

Story details

CEO Brian Armstrong blamed a downturn in crypto markets.

Why it matters

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Original source

https://www.engadget.com/2165157/coinbase-lays-off-nearly-700-workers-in-ai-native-restructuring/