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Coinbase to cut 14% of workforce, points to AI and market volatility

By Michele Maatouk

Date: Tuesday 05 May 2026

(Sharecast News) - Coinbase announced on Tuesday that it was cutting its workforce by around 14% as it pointed to market volatility and the use of artificial intelligence.
The cryptocurrency exchange noted in a blog post that it is currently in a down market and needs to adjust its cost structure...

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