TLDR Tech / Crypto
Coinbase Cuts 14% of Staff in AI-Driven Restructuring
Coinbase CEO Brian Armstrong shared an internal company email publicly on X announcing the elimination of roughly 660 roles, approximately 14% of its 4,700-person workforce. Armstrong cited that AI acceleration is enabling small teams to move far faster, making the existing org structure redundant, and said the company will emerge "leaner, faster, and more efficient." The restructuring flattens management to a maximum of five layers below the CEO and COO, with no pure manager roles remaining. US employees will receive at least 16 weeks of base pay plus two additional weeks per year of service.
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