---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-22-000077"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2022-06-14T23:59:59+00:00"
generated_at: "2026-06-25T02:02:39.489373+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coinbase cuts ~1,100 employees (18% of workforce); $40-45M in restructuring costs

## Summary
- Reduction of ~1,100 employees, ~18% of global workforce; expects ~5,000 employees after.
- Estimated restructuring charges of $40M to $45M, all cash-based, primarily severance.
- Execution expected substantially complete in Q2 2022.
- FY2022 tech/dev and G&A expenses expected closer to lower end of prior guidance (from May 10, 2022).

## SEC filing metadata
- accession: 0001679788-22-000077
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2022-06-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000167978822000077/0001679788-22-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978822000077/coin-20220614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-22-000077
- JSON: https://secwatch.observer/filing/0001679788-22-000077.json
- Plain text: https://secwatch.observer/filing/0001679788-22-000077.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.