[Dragonfly Investor: Coinbase Layoffs Expected to Save $225 Million in Annual Payroll Expenses] Odaily Planet Daily News - Dragonfly investor Omar Kanji posted on X stating that Coinbase's 14% layoffs are expected to save $225 million in annual payroll expenses. Previously, Coinbase CEO Brian Armstrong posted on X saying that due to market conditions and the transition to an AI-native architecture, the company will lay off approximately 14% of its workforce.