Coinbase Shifts Nearly All Coding To AI After 700 Layoffs Coinbase says AI now helps write between 95% and 100% of its code, up sharply from 40% reported in February. Head of Platform Rob Witoff said nearly every employee uses AI daily. Engineers now run multiple AI agents

What happened

Coinbase announced that AI now assists in writing 95% to 100% of its code, up sharply from 40% reported in February, after a recent layoff of 700 employees; the head of platform said almost every employee uses AI daily and engineers run multiple AI agents.

Confirmed

Global impact / market context

Relying heavily on AI for software development could lower labor costs and speed up product updates, improving Coinbase’s profitability and competitive position while reducing the need for large engineering headcounts.

Analyst inference

The move reflects a broader industry push to automate coding amid tech‑sector headcount cuts, as firms seek efficiency gains and investors watch how AI adoption impacts operating margins and future growth prospects.

Analyst inference

What to watch

1. Monitor Coinbase’s quarterly cost reports for reduced engineering expenses, which would signal whether AI is delivering the expected savings on payroll and overhead. Analyst inference
2. Watch product release cadence; faster code delivery could boost user experience and attract more trading volume, benefiting revenue. Analyst inference
3. Track regulatory commentary on AI‑generated code, as any compliance concerns could affect the company’s risk profile and capital allocation. Analyst inference

Evidence

• x.com