Boss_Trucker

@brian_armstrong Cost of doing business. Gotta have the stomach for the tough decisions to be a good leader. Keep pushing ahead.

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian

@HappyPunch lol he fucked him up

One of the nastiest cases of “f*ck around and find out” just went down in Korean MMA Straight out of a movie 😳

@GovTimWalz Shut the fuck up retard, you allowed this all!

If you commit fraud in Minnesota you’re going to get caught — and that’s exactly what we saw today. We catch criminals when state and federal agencies share information. Joint investigations work, and securing justice depends on it.

@Gidi_Traffic He’s really growing on me

It really needs to be studied how this guy ends up being the most annoying person online, despite never being rude or offensive, just doing his goofy dance and biting into food.

@AntiLeftMemes Gaylor Swift

@pinitreply Retards

They lifted the cup… and THIS happened to their wedding cake 😳

@TemooTitan No but looks like the kid had a blast

Is prom ever this serious 😳

@dom_lucre No but they should consider some exercising.

Conservatives does this video of Black women with guns offend you?

@relishdaddy @MatthewNichol5 And they charge a fortune. Brilliant

I believe that's why they call it "Bananaball." It's not my thing, but you have to appreciate the business genius behind it. They sell out everywhere they go, and people enjoy it. If you don't enjoy banana ball, you have the shocking option of not buying a ticket to see banana ball.

This is not baseball.

@rawsalerts Lmao

🚨#BREAKING: Today is International Transgender Day of Visibility.

@allenanalysis Ok they win, we won’t have kings….8 million morons….

🚨 Official count confirmed: More than 8 million people participated in No Kings Day today. One of the largest single-day demonstrations in American history. 3,000 cities. Every state. Every coast. Philadelphia. Atlanta. Dallas. St. Paul. DC. San Francisco. San Diego. New York. London. Tel Aviv. Scotland. And counting. To put 8 million in context: The Women’s March in 2017 — the previous record — drew an estimated 3-5 million. Today more than doubled it. 8 million Americans didn’t just protest today. They sent a message that cannot be ignored, cannot be dismissed, and cannot be spun. The founders settled the kings question in 1776. 8 million Americans settled it again today.

@RealJessica I bet the unemployment matches that correlation too lol

The number of No Kings protests by state... Alabama - 16 Alaska - 19 Arizona - 62 Arkansas - 12 California - 325 Colorado - 74 Connecticut - 51 Delaware - 9 Florida - 113 Georgia - 72 Hawaii - 14 Idaho - 17 Illinois - 105 Indiana - 71 lowa - 61 Kansas - 33 Kentucky - 40 Louisiana - 11 Maine - 56 Maryland - 74 Massachusetts - 162 Michigan - 121 Minnesota - 106 Mississippi - 9 Missouri - 54 Montana - 31 Nebraska - 21 Nevada - 11 New Hampshire - 43 New Jersey - 64 New Mexico - 28 New York - 140 And just like that...the left aren't concerned about gas prices anymore when it comes to driving to locations to protest a king that we do not have..🤣🤣

@JBPritzker @ExiledEarthling I thought he was a threat to democracy. Now you say he is encouraging it. Make up your mind, you fat fucking cunt.

People ask why I push back so hard on Donald Trump. It's simple: Tyranny requires your fear, your silence, and your compliance. Democracy requires your courage.

@DrClownPhD I hate him, but I truly want to see if he finishes these massive proportions…and the good always looks good…

@Geniustechw We have jobs retard

MAGA patriots: If you all love Trump so much... why aren't you out protesting in the streets for him? 😏 Serious question from this guy

@reneholic Look at this dirty fuck

Can’t wait for these crackers to die and let other generations take over.

@MindOfHeadking Your wife is a slut. Take the money then leave her ho ass

She ruined her marriage for $25000.

@AJFrancis410 Pussy

I can see all 35 years of me going to jail if I get drafted…

@MightyKeef Pussy

Brother I will flee this country, and create a whole other identity and life, before fighting a war we have no business being a part of.

@TrumpsHurricane Good

Emotional Mayor of NYC Zorhan Mamdani said he has been getting hateful messages for being a Muslim What’s your response to him ??