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Coinbase to Cut 14% of its Jobs
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
Coinbase is laying off about 700 employees, or 14 percent of its workforce, as it adjusts to crypto market cycles and rising AI-driven productivity. CEO Brian Armstrong said engineers can now build products much faster using AI tools, reducing the need for large teams. The company is shifting to a leaner, AI-native structure with fewer management layers and smaller teams. Affected employees will receive severance packages, while Coinbase aims to emerge stronger from ongoing market changes and industry transformation.
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