Coinbase CEO Brian Armstrong announced a new round of workforce reductions as the cryptocurrency exchange restructures into an AI-native organization to improve operational speed and efficiency.
Key Points
- Coinbase is flattening its organizational structure to a maximum of five layers below the CEO and COO.
- The company is eliminating pure management roles, requiring all leaders to function as active individual contributors.
- New "AI-native pods" will integrate engineering, design, and product teams to accelerate development cycles.
- Armstrong reported that AI tools have already enabled engineers to ship code in days rather than weeks.
- This move follows previous workforce reductions of 18% in 2022 and 20% in early 2023.