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An illustration showing a dejected Coinbase employee carrying a box of personal items while a glowing Coinbase logo and robotic hands type on a keyboard in the background. A futuristic AI robot with a blue eye faces forward beside falling dollar signs, coins, and a red downward arrow symbolizing layoffs and automation. The composition uses cool blue tones contrasted with warm reds to depict the tension between human job loss and AI‑driven efficiency.
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Coinbase Cuts 700 Jobs as AI‑Driven Restructuring Accelerates Across Tech Sector

Coin Gazette Editorial By Coin Gazette Editorial
Comments Off on Coinbase Cuts 700 Jobs as AI‑Driven Restructuring Accelerates Across Tech Sector
May 7, 2026
3 Min Read

Coinbase layoffs 700 employees with the reduction of about approximately 14% of its global workforce. This drastic measure comes in response to ongoing volatility in the crypto market, where trading volumes have significantly decreased, forcing the firm…