---
title: "Dragonfly investor: Coinbase is expected to save $225 million annually in payroll expenses after layoffs."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285219762.md"
description: "Dragonfly investor Omar Kanji announced on X that Coinbase's recent layoff of 14% of its workforce is projected to save the company $225 million annually in payroll expenses. This decision, previously communicated by CEO Brian Armstrong, is attributed to challenging market conditions and a strategic shift towards AI-native architecture."
datetime: "2026-05-05T13:46:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285219762.md)
  - [en](https://longbridge.com/en/news/285219762.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285219762.md)
---

# Dragonfly investor: Coinbase is expected to save $225 million annually in payroll expenses after layoffs.

Dragonfly investor Omar Kanji posted on X that Coinbase's 14% layoff is expected to save $225 million in annual payroll expenses. Previously, Coinbsea CEO Brian Armstrong posted on X that the company would be laying off approximately 14% of its workforce due to market conditions and a shift towards AI-native architecture.

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