New Delhi, May 6 -- In a move that reflects both the volatility of digital asset markets and the quiet but accelerating influence of artificial intelligence, Coinbase said Tuesday that it would cut about 14% of its workforce, or roughly 700 employees, as part of a broad restructuring effort.

The layoffs, expected to be largely completed by the second quarter of 2026, come at a moment when the cryptocurrency industry is grappling with a slowing crypto market, while companies across the technology sector are reassessing how much labor they need in an era increasingly shaped by automation.

The decision reflects a broader pattern of workforce reductions as artificial intelligence changes productivity and staffing needs, a transformation alr...