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ReportingFollow the Money

3 min readMay 6, 2026

Brian Armstrong says Coinbase will cut about 700 jobs as crypto exchange restructures around AI

The latest round of layoffs comes as part of America's largest crypto exchange’s restructuring effort aimed at reducing costs and aligning operations with the growing role of artificial intelligence.

Why it matters: The latest round of layoffs comes as part of America's largest crypto exchange’s restructuring effort aimed at reducing costs and aligning operations with the growing role of artificial intelligence.

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