Coinbase to cut 14% of its workforce as part of restructuring plan

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Source: New York Post
Published: 2026-05-06 01:09 UTC+10:00
Section: General
Factuality Score: 92
Opinion Category: Neutral
Topics: Technology & AI, Labour & Workers, World News, Business & Economy, Technology
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Snippet:
May 5 (Reuters) – Coinbase said on Tuesday it will cut about 700 jobs, or about 14% of its global ​workforce, as part of a restructuring plan aimed at ‌reducing costs and repositioning the business for the artificial intelligence era.
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