Coinbase to Lay Off 14% of Staff Amid Market Volatility and AI Integration Push

Coinbase, the largest U.S. cryptocurrency exchange, announced plans to cut approximately 14% of its workforce, citing both cryptocurrency market volatility and a strategic need to adapt for the artificial intelligence era. This move aligns Coinbase with a broader industry trend, as major tech firms continue to reduce headcount to optimize operations in the rapidly evolving AI landscape.