https://x.com/brian_armstrong/status/2051616759145185723
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Platform: Twitter · Published: Unknown
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Creator: Brian Armstrong
Coinbase announced earlier that they are cutting 14% of their workforce. This was posted on X by Brian Armstrong who shared the email he sent to the employees of Coinbase. Laying out 14% of the staff, while celebrating faster output through AI. I wonder what kind of compensation will be sent to the team members who go away.. I am afraid that this will be followed by other major companies, the brutal math of 2026: more efficiency, fewer humans. I think that the stock went right up and the truth is that markets may reward such moves, but families pay for it.
It is frightening to see how quickly things are moving with AI and I really wonder what's next.
Signal
Type: original post | Authentic: authentic | Importance: important
Topic: Brian Armstrong
Tags: #ai #layoffs #coinbase
01:55 — Tweet is posted
Why it matters: Reducing the size of Coinbase by ~14%
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owch, i wonder if they will have to rehire people back as has often been the case?
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