Coinbase says it will cut about 14% of its workforce as part of an AI-driven restructuring aimed at reducing costs and streamlining operations. Multiple reports cite the company’s announcement that it plans to lay off roughly 700 employees. The restructuring is described as involving operational changes intended to improve efficiency, with some coverage characterizing it as driven by increased use of artificial intelligence. The affected job cuts are presented as part of a broader effort by the crypto exchange to adjust its headcount and focus resources on priorities the company identifies as more important for its business. While the reports align on the size of the workforce reduction and the approximate number of employees affected, they do not add substantially different details about timing, severance terms, or specific organizational units impacted. Overall, the coverage portrays the decision as a cost- and efficiency-focused move rather than a response tied to a single external event.