Coinbase layoffs

The short version

• Biggest round: Jun 2022, 1,100 jobs, about 18% of staff.
• 1 of the 3 rounds were tied to AI by the company or credible reporting.
• That is the largest total among the 5 Crypto employers we track.
• We track 227 employers in United States with layoffs since 2022.

Hiring elsewhere in Crypto

Every round, newest first

1. May 2026−700(14% of workforce)AI · confirmed

   Market conditions plus AI adoption cited together.

   Source: Coinbase (SEC filing)

2. Jan 2023−950(20% of workforce)

   Second major Coinbase cut in seven months, with several projects shut down.

   About the figure: Quote truncated at 'expenses' to stay under 40 words.

   Source: TechCrunch

3. Jun 2022−1,100(18% of workforce)

   CEO Brian Armstrong cut about 18% of staff, saying Coinbase 'grew too quickly'; earlier in June the company had rescinded a number of accepted job offers.

   Source: Coinbase blog

Common questions about Coinbase

How many people has Coinbase laid off?

We have tracked 3 rounds of cuts at Coinbase since Jun 2022. The rounds with a stated headcount add up to 2,750 jobs.

When was the latest Coinbase layoff?

May 2026: 700 jobs, about 14% of staff. Market conditions plus AI adoption cited together.

Did Coinbase blame AI for its layoffs?

Yes, for some rounds. We count a cut as AI-related only when the company said so or credible reporting made the link.

Is Coinbase hiring right now?

Yes. Coinbase's own careers page lists 227 open roles, most of them in Internships & Emerging Talent Positions and Customer Experience. We read the list every day and drop roles once they close.