Coinbase is cutting about 700 jobs, or roughly 14% of its workforce, as it restructures around AI and tighter cost control. The company says it will flatten management to 5 layers below the CEO and COO, shift to smaller teams, and rely more on automation. Most of the reorganization is expected to take shape in the second quarter of 2026.
Coinbase is also budgeting $50 million to $60 million in restructuring charges. And the message here is straightforward: this is not just another crypto downturn layoff round. Coinbase is using AI as part of the case for a leaner org chart and fewer people.
The bigger takeaway is that one of crypto’s largest public companies is treating automation not as a side tool, but as a reason to redesign how the business is staffed.