This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coi

kept by eddie may 05

Coinbase CEO Brian Armstrong lays off 14% of staff, citing crypto market downturn and AI productivity gains, restructuring with no pure managers and AI-native pods.

Today I've made the difficult decision to reduce the size of Coinbase by ~14%
Coinbase CEO Brian Armstrong announced a 14% layoff, attributing the cuts to AI-driven productivity gains and a need for leaner operations.
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