Coinbase to Cut 14% of its Jobs

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Coinbase will cut about 14 of its workforce as it responds to weak crypto market conditions and the rising impact of artificial intelligence on productivity. CEO Brian Armstrong said the company is moving toward a leaner and more AI native structure. This includes reducing management layers and building smaller, more efficient teams. The goal is to improve speed and efficiency while adapting to how AI is changing work across the industry and preparing for future market cycles.