{"id":208991,"date":"2026-05-05T09:41:00","date_gmt":"2026-05-05T13:41:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/05\/coinbase-shares-pop-as-ceo-brian-armstrong-cuts-700-jobs-and-blames-ai\/"},"modified":"2026-05-05T09:55:15","modified_gmt":"2026-05-05T13:55:15","slug":"coinbase-shares-pop-as-ceo-brian-armstrong-cuts-700-jobs-and-blames-ai","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/05\/coinbase-shares-pop-as-ceo-brian-armstrong-cuts-700-jobs-and-blames-ai\/","title":{"rendered":"Coinbase shares pop as CEO Brian Armstrong cuts 700 jobs and blames AI"},"content":{"rendered":"<p><a href=\"https:\/\/www.dlnews.com\/articles\/markets\/coinbase-cuts-jobs-and-blames-artificial-intelligence\/\">Coinbase shares pop as CEO Brian Armstrong cuts 700 jobs and blames AI<\/a><\/p>\n<p><a href=\"https:\/\/www.dlnews.com\/articles\/markets\/coinbase-cuts-jobs-and-blames-artificial-intelligence\/\">https:\/\/www.dlnews.com\/articles\/markets\/coinbase-cuts-jobs-and-blames-artificial-intelligence\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-05 09:41:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.dlnews.com\">www.dlnews.com<\/a><\/p>\n<ul>\n<li>Coinbase announced a significant restructuring, leading to a reduction of 14% of its global workforce, equivalent to 700 jobs.<\/li>\n<li>The decision underscores CEO Brian Armstrong&#8217;s focus on artificial intelligence (AI) to enhance efficiency and refocus operations with more agile, AI-integrated teams.<\/li>\n<li>This move parallels similar large-scale layoffs from other major tech companies, including Meta and Microsoft.<\/li>\n<li>Although this marks another round of cuts for Coinbase, which has previously laid off staff during each major crypto downturn since its inception, the market reacted positively, with shares rising by 4%.<\/li>\n<li>Armstrong aims to streamline management structures, reducing the number of layers to five and creating &#8220;AI-native pods.&#8221; These small, cross-functional teams are intended to improve speed and efficiency.<\/li>\n<li>The restructuring is expected to incur $50 million to $60 million in charges, primarily in the second quarter.<\/li>\n<li>The company expects to rebuild a more streamlined and lean structure to navigate the ongoing challenges in the crypto market.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase shares pop as CEO Brian Armstrong cuts 700 jobs and blames AI https:\/\/www.dlnews.com\/articles\/markets\/coinbase-cuts-jobs-and-blames-artificial-intelligence\/ Publish&#8230;<\/p>\n","protected":false},"author":1,"featured_media":208992,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dl-migration-assets.s3.eu-central-1.amazonaws.com\/images\/1772112377161.webp","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-208991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/208991"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=208991"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/208991\/revisions"}],"predecessor-version":[{"id":208993,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/208991\/revisions\/208993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/208992"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=208991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=208991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=208991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}