Yes — Coinbase is reportedly planning to eliminate approximately 14% of its global workforce in 2026, or around 700 jobs.
The move is part of an AI-driven restructuring at the cryptocurrency platform, with new tools allowing non-technical teams to complete tasks with smaller, focused headcounts.
It remains unclear if Canadian employees at Coinbase are being let go.
According to LinkedIn, the company currently has more than 350 workers in the country.
The latest workforce reduction at Coinbase was covered by multiple news outlets, including Reuters.
For a full overview of Coinbase layoffs and the rights that non-unionized employees in Canada have in this situation, see our Coinbase Layoffs & Severance Guide.
Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.
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