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Coinbase Cuts 14% of Workforce in AI-Driven Restructuring
Coinbase cut 14% of its workforce, or an estimated 693 employees, on Tuesday. Brian Armstrong said the move reflects AI-driven changes in how the company works rather than a defensive response to market conditions. Armstrong also said Coinbase is targeting 50% AI-written code and a flatter structure with no more than five layers below the CEO and COO.