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Coinbase Expects Majority of Restructuring Charges in Q2 Amid Job Cuts

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Coinbase Global (COIN) is cutting about 700 employees, or roughly 14% of its global workforce, as part of a restructuring plan to manage operating expenses in response to current market conditions and optimize operations for the AI era, the company said in a filing Tuesday.

The company expects to complete the plan largely in Q2 2026 and incur $50 million to $60 million in restructuring charges, mainly for severance and other termination benefits, with most costs recognized in the quarter.

Shares of Coinbase Global were down 2.6% in Tuesday trading.

Price: $199.23, Change: $-3.76, Percent Change: -1.85%

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