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Coinbase cuts 14% of workforce, shares rise up to 4%

Coinbase expects $50 million to $60 million in restructuring charges, mostly in the second quarter, after CEO Brian Armstrong said AI and a weaker crypto market drove the changes.

Reported · Written up by our desk · M&A & Deals

Coinbase announced a sweeping restructuring that cuts about 14% of its global workforce, and the stock jumped as much as 4% in early Tuesday trading, according to DL News.

CEO Brian Armstrong said the job cuts reflect two pressures, a crypto market that has fallen about $1.5 trillion from its peak and growing use of AI inside the company. In an email to employees shared on X, Armstrong said engineers can now ship in days what used to take teams weeks, and that automation is increasingly moving into non-technical workflows.

DL News reports that Coinbase had 4,951 employees as of December 31, 2025, implying the 14% reduction affects about 693 people. The company also said it expects restructuring costs of $50 million to $60 million, mostly recognized in the second quarter.

Armstrong said Coinbase is rebuilding around AI with humans positioned to align the system, and he outlined an operating model with no more than five management layers below the CEO, according to DL News.

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