🚨BREAKING: Coinbase to slash workforce by ~14%, per CEO Brian Armstrong. This marks the 4th major round of layoffs at Coinbase since 2022. The company had already cut 2,110 workers between June 2022 and January 2023. Coinbase, the BIGGEST U.S. crypto exchange, now joins 2026's crypto layoff wave. Algorand has cut 25% of staff. Crypto. com cut 12%. Gemini reduced headcount by ~30%. OP Labs eliminated 20 roles. Coinbase shares COIN are down ~57% from their highs.(Coin Bureau)