TLDR Tech / Fintech
Coinbase boss fires 700 workers in 6:55 a.m. email saying company must become ‘lean, fast, and AI-native'
Coinbase is cutting roughly 700 employees as CEO Brian Armstrong says AI is allowing smaller teams to complete work that previously took weeks. The company plans to flatten its organization to no more than five layers below the CEO and COO while eliminating “pure managers” in favor of hands-on “player-coach” leaders inside smaller AI-native teams. The restructuring reflects a broader shift across the tech industry where companies are redesigning org structures around AI-driven productivity gains, not just adding AI tools on top of existing workflows.
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