Coinbase is cutting 700 employees, representing 14% of its workforce, as part of a restructuring focused on AI. CEO Armstrong is eliminating pure management roles and testing one-person teams utilizing AI agents, following a $667 million net loss and a 21.6% revenue drop in Q4 2025.

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the

Meta plans to cut 10% of its workforce, equating to 8,000 employees, starting May 20. The company will also pause hiring for 6,000 open roles.

Oracle is implementing significant layoffs, with estimates indicating that between 20,000 and 30,000 employees will be affected. The notification of job cuts was communicated via email to employees early in the morning.

Epic Games will lay off over 1,000 employees due to declining engagement in "Fortnite." The company aims to save $500 million by cutting contracting, marketing expenses, and eliminating some open roles.

Meta plans to lay off up to 20 percent of its workforce, potentially eliminating around 15,800 positions. This round of layoffs follows a previous reduction of 22,000 employees between November 2022 and early 2023.

Meta is planning layoffs that could impact 20% or more of its workforce as it aims to offset the costs associated with artificial intelligence infrastructure. Executives have indicated that these plans are in response to the need for greater efficiency with AI-assisted workers.

The company is reducing its workforce by nearly half, from over 10,000 employees to just under 6,000. Affected employees will receive a severance package of 20 weeks' salary plus an additional week for each year of service.