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

Coinbase is laying off 14% of its staff due to market volatility and the transformative impact of AI, which allows small teams to achieve what once required larger groups. This move reflects a broader trend in tech companies leveraging AI to reduce costs and eliminate traditional management layers, emphasizing efficiency and direct contribution from all employees.

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