Tiny teams, no 'pure managers,' and AI: Coinbase's memo has all the classic ingredients of a 2026 layoff letter

Coinbase CEO Brian Armstrong.

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• 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...