Coinbase Global, Inc. (NASDAQ:COIN) shares rose in Tuesday’s premarket session as investors weighed restructuring efforts ahead of earnings.
In an exchange filing on Tuesday, the cryptocurrency exchange outlined cost-cutting measures and operational changes tied to artificial intelligence adoption, signaling a strategic pivot amid challenging market conditions.
Restructuring Plan
Coinbase announced a workforce reduction impacting about 700 employees, representing roughly 14% of its global staff.
The company expects to complete most of the layoffs during the second quarter of 2026.
The move aims to streamline expenses and reposition the business for evolving technological demands. Management framed the decision as part of a broader effort to improve efficiency and align with long-term priorities.
Cost Impact
The company estimates restructuring-related charges between $50 million and $60 million. These costs primarily include severance payments and other termination-related obligations.
Coinbase expects to record nearly all associated expenses within …
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