Coinbase Cuts Down Staff by 14%, Crypto Players are Calling it “The Ultimate Bear Market Sign?”‬

May 7, 2026 - 15:45
Coinbase Cuts Down Staff by 14%, Crypto Players are Calling it “The Ultimate Bear Market Sign?”‬
Add ZyCrypto News On Google Coinbase is cutting approximately 14% of its workforce, with CEO Brian Armstrong citing converging pressures from a subdued crypto market and rapid AI-driven productivity gains. In an internal email sent Tuesday, Armstrong described the move as a deliberate step to make the company leaner and more efficient. He highlighted two...

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