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

Source: Business Insider

Crypto firm Coinbase is the latest company to announce layoffs. Rebecca Zisser/BICoinbase 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.