Dragonfly investor: Coinbase expects to save $225 million in annual compensation expenses after layoffs

Odaily Planet Daily News Dragonfly investor Omar Kanji posted on X that Coinbase's 14% layoffs are expected to save $225 million in annual compensation expenses.

Previously, Coinbase CEO Brian Armstrong posted on X that the company would lay off approximately 14% of its workforce due to market conditions and the transition to an AI-native architecture.