-- 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.
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