BUSINESSR/CRYPTOCURRENCY
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
Coinbase laid off 14% of its staff, around 700 employees, due to a crypto downturn and to adapt to the AI age by flattening its leadership structure. The company is replacing pure managers with player-coaches and creating AI-native pods. This change aims to make the company operate faster with AI at the forefront.