Coinbase

Coinbase implemented a workforce reduction on May 5, 2026 that cut about 700 roles (approximately 14% of its staff), reducing headcount from roughly 5,000 to about 4,300. The layoffs generated $50–$60 million in severance costs, mostly cash, with most of the expense hitting the second-quarter accounts. Eleven weeks after the cuts, Chief People Officer Lawrence Brock resigned effective August 17 but will advise through November 30 for a transitional payment and limited stock vesting; his team ran the May layoffs. Coinbase described the moves as part of a reorganization to reduce spending and reposition the company “for the AI era,” and the article frames the departures as part of a broader leadership shuffle ahead of quarterly results. The piece provides context on prior personnel actions and internal promotions as Coinbase shifts toward an expanded “everything-exchange” strategy.

Coinbase is laying off roughly 700 employees in its Poland operations, a reduction management attributed to shifting priorities around AI. The article reports the cuts as an announced workforce reduction affecting Coinbase staff in Poland. Management framed the move as related to artificial intelligence developments rather than broader crypto-market conditions. No specific departments within the Poland workforce were named, nor was an exact effective date provided. The piece situates the layoffs amid commentary about crypto industry struggles but gives the 700-employee figure specifically for Coinbase.