Coinbase will eliminate approximately 14% of its workforce, about 700 positions, with most cuts completed by the end of Q2 to realign its cost structure during a crypto market downturn.

The company anticipates $50–60 million in Q2 restructuring charges, primarily severance expenses, guaranteeing U.S. employees at least 16 weeks of base pay, two weeks per year worked, next equity vest, and six months of COBRA coverage.

CEO Brian Armstrong is capping organizational layers at five below the CEO, removing pure management roles in favor of 'player-coaches' and forming AI-native pods where individuals handle engineering, design, and product to boost efficiency.