• Key insight: Coinbase is pairing the layoffs with a structural overhaul — capping management at five layers below the CEO and COO, requiring all leaders to remain individual contributors and concentrating hiring around what CEO Brian Armstrong called “AI-native pods.”
• What’s at stake: About 700 Coinbase employees will lose their jobs effective immediately, joining a broader 2026 wave of crypto and tech layoffs at firms including Block, Crypto.com and Algorand.
• Expert quote: Mizuho Securities analyst Dan Dolev told Bloomberg that the crypto winter is “probably the real reason for most of the cuts” and that AI is likely an “easy excuse.”

Overview bullets generated by AI with editorial review.

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Coinbase said Tuesday it plans…