COINBASE LAYOFFS
Tech layoffs 2026: More than 175,000 workers laid off as Apple, Microsoft, Oracle, Amazon, Meta, TikTok, Uber, LinkedIn as dozens of companies cut jobs amid AI boom
Tech layoffs are accelerating in 2026 as big companies such as Apple, Microsoft, Oracle, Amazon, Meta, Linkedin, TikTok, Visa and dozens of other mega companies have announced slashing of jobs. Here's why AI, restructuring, cost-cutting and changing business priorities are reshaping the technology workforce. More than 175,000 technology workers had been laid off in 2026 by the middle of the year.
Google Cloud layoffs: Threat intelligence team, Mandiant employees among those affected
Google Cloud has recently implemented job cuts, impacting teams including employees in Mandiant and its Threat Intelligence Group. These layoffs are reportedly aimed at reallocating resources towards growth areas, particularly artificial intelligence. This move aligns with a broader tech industry trend of significant investment in AI and subsequent layoffs to offset this.
Over 114,000 jobs cut in tech so far in 2026 as AI drives layoffs at Amazon, LinkedIn, others
Tech companies are implementing significant workforce reductions, with 114,210 roles cut in early 2026, driven by AI and automation. Major players like Meta, Coinbase, and Freshworks are restructuring, leading to leaner teams and a shift towards efficiency.
Jeff Bezos rejects AI-induced job-loss fears, says the technology will ‘elevate’ workers
Amazon founder Jeff Bezos dismissed AI job loss fears, predicting it will instead create labour shortages and boost worker productivity. He argued that AI will augment human roles, not replace them entirely, enabling work at a higher level. This comes amid layoffs at the company, though Bezos claims they weren't AI-driven.
Cloudflare to cut about 20% of 5,000-plus workforce as AI adoption reshapes operations
Cloudflare announced significant layoffs, cutting approximately 20% of its workforce, impacting over 1,100 global employees. This restructuring is driven by the company's rapid adoption of artificial intelligence tools and a shift towards an 'agentic AI-first operating model.' Despite stronger first-quarter results, the company forecasts second-quarter revenue slightly below expectations.
Coinbase layoffs: What is the severance package US' largest crypto exchange will give to Indian employees on work visas?
Coinbase is laying off 14% of its global workforce, impacting around 700 employees. The crypto giant cited market conditions and the growing influence of AI as reasons for the restructure. Affected employees will receive severance packages, with specific provisions for those on work visas and international staff, aiming for a leaner, AI-native operation.
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Coinbase cuts 14% of staff: Is AI the real reason behind the layoffs?
Coinbase is slashing approximately 700 jobs, around 14% of its global staff, as part of a major restructuring. This move aims to cut costs and prepare the crypto exchange for the AI era. The company anticipates completing these layoffs mostly by the second quarter of 2026.
Coinbase layoffs: Why Coinbase is cutting 14% jobs as CEO Brian Armstrong pushes AI shift – here's what he said about severance pay, healthcare, and support
Coinbase layoffs 2026: Coinbase has announced job cuts affecting 14% of its staff. CEO Brian Armstrong cited crypto market downturns and the transformative impact of artificial intelligence. AI is enabling smaller teams to achieve more, leading to a leaner, more efficient Coinbase. This restructuring aims to prepare the company for future market cycles and a new wave of crypto adoption.
Coinbase ups CoinDCX bet; Prosus picks Ixigo stake
Coinbase is increasing its investment in the Indian cryptocurrency exchange CoinDCX. This and more in today's ETtech Top 5.
Bitcoin crashes over reports of Binance laying off 1,000 employees
Bitcoin prices nosedived on Saturday after leading cryptocurrency exchange Binance reportedly laid off roughly 1,000 workers, and the layoffs could continue.
Crypto firm Circle lays off staff, to focus on core activities
Coinbase Global, Chainalysis and Gemini all announced layoff plans earlier in the year after more than a trillion dollars were wiped out from the sector in 2022.
Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
The company has benefited from its deal for One River Digital Asset Management to ramp up product offerings in subscription and services revenue, while it also launched wallet-as-a-service and other products to scale blockchain.
Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
Coinbase reported a smaller-than-expected loss in its Q1 earnings, citing diversification of revenue sources and cost cuts. The exchange also benefitted from onboarding subscription and wallet-as-a-service offerings and its deal with One River Digital Asset Management to boost product offerings. Analysts estimated a loss of $1.35 per share, while Coinbase reported a loss of 34 cents per share. The exchange's operating expenses saw a 24% decrease from the prior quarter, while retail trading volumes fell by 72%. Despite the challenging market conditions, Coinbase CFO Alesia Haas believes the improved cost-structure will help the firm hit its 2023 goal to improve core profit.
Polygon lays off 20% staff as crypto blues continue
The development comes at a time when the cryptocurrency sector has been witnessing a prolonged down-cycle.
Google HR claims he got laid off in midst of a call
Dan Lanigan Ryan, a Google recruiter based in Dublin, said he was taken aback since his contract had just been renewed for another year and there had been mention of a wage increase.
Crypto exchange Gemini to lay off 10% of staff: report
Crypto firms are off to a rocky start in 2023, with major players such as Coinbase Global Inc cutting jobs and Genesis Global Capital, the lending arm of Genesis, seeking bankruptcy protection.
Tech industry job cuts come rapidly and in big numbers
Even with all of the layoffs announced in recent weeks, most tech companies are still vastly larger than they were three years ago.
Crypto.com to cut 20% jobs as industry rout deepens after FTX collapse
The layoffs at Crypto.com would be its second in about six months, after it reduced jobs in July last year to weather the macro economic downturn amid rising interest rates.
Crypto contagion deepens: Coinbase to lay off about 950 employees
Coinbase said it expects to incur a total of about $149 million to $163 million in restructuring expenses.
ETtech layoff tracker: job cuts continue as thousands fired in first week of 2023
Big tech firms such as Meta, Twitter, Amazon, Alphabet, and Microsoft announced en masse layoffs last year citing 'global uncertainty, dwindling ad revenue, rising inflation and over hiring during the pandemic'.
Coinbase lays off over 60 employees as cryptocurrencies extend fall
The job cuts, the second time this year, follow a week after "crypto market headwinds" contributed to Coinbase's net loss of $544.6 million
Coinbase's Brian Armstrong explains efficiency measures amid rising volatility
Last month, Coinbase had to let go of some US employees owing to stalling growth.
Crypto lending platform Celsius lays off 150 employees
Celsius raised $750 million in funding late last year, reaching a valuation of $3 billion.
Bitcoin trading platform Bitpanda lays off 250 employees
Billionaire entrepreneur Peter Thiel-backed Bitpanda announced that Bitpanda would be reducing its headcount from nearly 1,000 employees to 730.
Global players lay off staff amid crypto winter but Indian exchanges are on a hiring spree
According to a number of leading crypto exchanges, including CoinDCX, CoinSwitch, WazirX, Unocoin, Mudrex and Giottus, slashing of staff count is not on their checklist, despite the severe turmoil in the cryptos and economy.
Coinbase lays off 8% of its India workforce, hires executive for local partnerships
This comes after its founder and CEO Brian Armstrong said on Tuesday that the company was laying off 18% (about 1,100) of its employees amid worsening macroeconomic conditions.
Warner Bros Discovery to cut as much as 30% of ad sales jobs
The company's finance chief Gunnar Wiedenfels in April reaffirmed its goal of achieving $3 billion in cost savings after a $43 billion merger between Discovery Inc and AT&T's Warner Media.
Wall Street watchdog to laid-off crypto employees: work for us
While federal agencies jockey for position to be the primary regulator for digital assets, regardless of the outcome, Financial Industry Regulatory Authority (FINRA) will most likely have a role to play, chief executive officer Robert Cook said
Coinbase to cut 1,100 jobs amid turmoil in crypto markets
The layoffs come a day after Bitcoin fell as much as 14% after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers
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