Coinbase Cuts 14% of Staff as AI Transformation Reshapes Crypto Exchange Operations

Coinbase, one of the world's largest cryptocurrency exchanges, has announced plans to eliminate 14% of its workforce as the company restructures operations around artificial intelligence capabilities while navigating challenging market conditions. The decision, revealed by Chief Executive Officer Brian Armstrong in a company blog post, underscores the mounting pressures facing digital asset platforms as they balance growth investments with operational efficiency.