Brian Armstrong joined the ranks of tech bosses citing artificial intelligence as he dramatically reduces the company’s workforce. May is kicking off with another brutal round of tech layoffs that have been affecting the industry for much of the year.

Coinbase CEO Brian Armstrong announces a 14% workforce reduction, citing AI’s transformative impact on operations and the need for a leaner company structure.

Coinbase is a cryptocurrency exchange that allows investors to buy and sell cryptocurrency. It features an easy-to-use interface that doesn’t require its customers to have any technical knowledge of crypto trading. Coinbase is the largest crypto exchange ...

Coinbase is cutting 14% of its workforce amid market pressures and a shift toward artificial intelligence. CEO Brian Armstrong outlines severance, healthcare support, and the company's strategy to streamline operations while embracing AI-driven efficiencies.

Coinbase CEO Brian Armstrong informed employees about the company’s decision to layoffs 14% of its staff in a morning email.

Coinbase is laying off 660 employees and restructuring into AI-native pods with a five-layer management cap. Q1 revenue is expected to fall 26% as crypto volumes drop 48%.

Cryptocurrency has gone from a small alternative investment class to one that has a total market cap worth trillions of dollars. Most people interested in buying, trading or investing in crypto use a crypto exchange, like Coinbase. Coinbase is a ...

We are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate,” CEO Brian Armstrong said.