Coinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down

Business

Coinbase Didn't Just Lay Off 14% Of Its Staff Due To Ai. It Replaced Managers With ‘Player-Coaches’ And Turned Its Org Chart Upside Down

By Fortune

Armstrong said the layoffs, which could affect just under 700 employees based on Coinbase’s last employee count, are partly due to a crypto downturn. Yet the main motivator is making the company’s leadership structure flatter, enabling its employees ...Read more