Coinbase to Cut About 700 Jobs as It Restructures Around AI

m. Tuesday that it would eliminate roughly 700 jobs, or about 14 percent of its workforce. m. It stated the cuts were necessary as artificial intelligence rapidly changes how work is performed across the technology industry. Some workers reported that access to company systems had been restricted by the time the email arrived.

The communication said impacted employees would receive additional details within the hour. It acknowledged that the move "feels sudden and harsh" while describing the layoffs as a difficult but necessary step tied to the company's responsibility to safeguard customer data.

The company employed 4,951 workers at the end of 2025. It maintained that it remained financially strong and positioned for future growth. Nontechnical employees have begun writing production-level code while automation handles routine workflows. The company also outlined a cultural overhaul.

It plans to flatten its organizational structure to no more than five layers below the chief executive and chief operating officer. The changes include building smaller, highly focused teams and experimenting with "one person teams" that consolidate the roles of engineers, designers and product managers.

Affected U.S.-based workers will receive at least 16 weeks of base pay, an additional two weeks for every year worked, continued healthcare coverage and their next equity vest.

The company joins other major technology firms that have linked workforce reductions to the rise of artificial intelligence. It was founded in 2012 during the early days of cryptocurrency trading when Bitcoin was valued at roughly $6. The company later went public during the pandemic-era crypto boom.

Like much of the cryptocurrency industry, the exchange has experienced sharp swings tied to volatility in digital currency markets. Its valuation fell after the post-pandemic crypto collapse before rebounding as Bitcoin reached record highs last year.

More recently, trading activity has cooled while investor attention has shifted toward artificial intelligence.