Business Insider
US · 3 hrs ago
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Tiny teams, no 'pure managers,' and AI: Coinbase's memo has all the classic ingredients of a 2026 layoff letter
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Tiny teams, no 'pure managers,' and AI: Coinbase's memo has all the classic ingredients of a 2026 layoff letter
Crypto firm Coinbase is the latest company to announce layoffs.
Rebecca Zisser/BI
Coinbase is laying off 14% of its staff.
Its CEO cited AI as the key reason for this, as it pivots to tiny teams and away from layers of management.
The CEO's memo to staff had all the classic ingredients of a 2026 layoff letter.
Same story, different company.
Crypto firm Coinbase is the latest company to shed staff, and the CEO Brian Armstrong's memo to workers follows the same tried-and-tested format that its t
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