Coinbase is laying off 14% of its workforce and rebuilding around AI-native teams as revenue declines and CEO Brian Armstrong pushes to flatten the company’s management structure.
Posted May 6, 2026 at 4:46 am EST.
Coinbase will lay off approximately 700 employees, or 14% of its workforce, CEO Brian Armstrong announced in a memo posted to X on Tuesday. The cuts take effect immediately, and the company expects $50 million to $60 million in restructuring charges, primarily in Q2 2026.
Armstrong cited two converging forces. Revenue fell 21.6% in Q4 2025, and the company posted a $667 million net loss during that…
