Tiny teams, no 'pure managers,' and AI: Coinbase's memo has all the classic ingredients of a 2026 layoff letter
"Over the past year, I've watched engineers use AI to ship in days what used to take a team weeks," Coinbase CEO Brian Armstrong wrote.
- Coinbase cuts headcount by 14% citing AI acceleration. The shares are gaining CNBC —
- Coinbase to slash 14 per cent of workforce amid AI impact and market volatility City AM —
- Coinbase is slashing its workforce as AI reshapes the crypto industry Quartz —
- Coinbase to Slash 14% of Workforce as Part of Restructuring Wall Street Journal —
- Coinbase to cut 14% of its workforce as part of restructuring plan NY Post —