allthingscloud

@brian_armstrong "every leader at cb must also be a strong and active IC".... "AI is shifting how companies operate..." Tl;Dr we need all the managers to pick up the slack of people we laid off but don't forget your copilot license!!!

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

Reading this JD just emphasizes how weird it is to blatant say out loud "chief of staff positions literally do more than the entire c-suite combined and at 1/10th the salary" #recruiting #techjob linkedin.com/jobs/view/4310…

Since you can't hold an AI system accountable for a failure, you need to hire an actual person to take the blame. This pattern is called "human in the noose."

@no74va @craig_titley @Vk_Preacher Lift tank, uv, aerator... All new septics require power no longer just a tank sitting in a hole

@craig_titley @Vk_Preacher Have had a few septic tanks. Never one that was electric.

A couple of months ago I noticed an electrical box - it was hidden in some bushes in my yard Had two power cables plugged into it Today, curiosity got the better of me- So I started digging I pulled at the wires and started digging down, untangling them as I went. Ever so careful not to accidentally cut them. After a few hours I hit something solid, something that the wires were feeding into Concrete. I frantically started widening the hole I had made in the tough soil- trying to find the edges of this mysterious structure And then I saw it: a metal D-ring. Attached to a hatch. The previous owners told me not to go digging around in the yard I think I found their secret

@afattynamedslim @ExposeRedards1 @nostalgiafkninc "I must pass the other semi so that I can be in front of him doing the same speed for 50mi because I'm entitled and f*** everyone else they should have left earlier" Fixed it for you

@ExposeRedards1 @nostalgiafkninc When I finish my pass I will, until then chill out and enjoy the scenery

absolute patriot

@Nandi_The_Bull @iTz_Rossi Your argument is "dO yOu kNoW iF tHe SaFety WaS oN" tells anyone who knows a little about firearms how incompetent you are. Many of the most common hand guns don't have a safety that you "turn on" and only have safety built in the trigger. WHICH IS WHY YOU NEVER POINT AT SOMEONE!

@iTz_Rossi Retard is someone who added a safety and still does not trust it. 🤣

Two Indian men went to a gun range in America and were acting like an idiot, the RSO had to intervene and kick them out immediately.

@rawsalerts This is why we need to ban the guns

🚨#BREAKING: Watch wild footage as someone in a bulldozer ran over numerous people at a market in Beijing, causing an unknown number of casualties, witnesses say.

@CAgovernor Lmao I would be so livid if I was paying California taxes while reading this hahahaha and you think it's some kind of flex??? Absolute insanity

I'm deploying an emergency response team to help Tennesseans in the aftermath of last weekend's snowstorm. California will always answer the call to support our fellow Americans.

The @ChicagoBears game is hardly watchable on @peacock. Getting real tired of these streaming services not having the right infrastructure in place for big events but have no problem taking everyone's money and raising prices.

@EricLDaugh She dresses exactly how I'd expect her to while delivering such a statement

🚨 BREAKING: New Yorkers are shocked after footage goes viral of NYC Mayor Zohran Mamdani's Tenant Director stating that white people will be HEAVILY impacted after they transition property "as an individual good to a collective good" Absolutely doomed.

GTA Online: A Safehouse in the Hills, now available. Choose a lavish new mansion property from three distinct locations in Los Santos’ most exclusive neighborhoods and be greeted by a familiar face. Plus, get the new Progen Luiva supercar, and more. Play now.

@SenSanders Literally every US business is working to integrate AI into their company to increase revenue and margins but somehow you managed a narrative of "it's the 1%"! How does it help the working class? Almost everyone has chatgpt on their phone (free) providing access to information

I will be pushing for a moratorium on the construction of data centers that are powering the unregulated sprint to develop & deploy AI. The moratorium will give democracy a chance to catch up, and ensure that the benefits of technology work for all of us, not just the 1%.

Everytime I've flown @SouthwestAir since implementing fees to check-in bags we've been held up during boarding... "we are asking passengers to check in their bags at no cost!!". Naaaaah you made your bed now we all have to lay in it 😭

@LucienWolfe111 @elonmusk I'm not so sure you understand cloud computing

@elonmusk That’s the difference between control and independence. When your system lives in the cloud, one switch can end you. When it lives in orbit, no one can.

But 𝕏 and Starlink didn’t skip a beat

@trackingdonald @DHSgov @GovPritzker And then criminals who get caught with weapons / crimes get a slap on the wrist under pritzker so they can go off and do it again

@DHSgov @GovPritzker 70% of firearms recovered in crimes within Chicago came from red states with lax gun laws.

Can you believe this guy? @GovPritzker threatening to prosecute law enforcement for enforcing the law and arresting murderers, pedophiles, rapists, drug traffickers, and gang members is DISGUSTING. It’s no wonder Chicago’s murder rate is 330% higher than the national average under JB Pritzker. His conduct is directly contributing to domestic terrorists attacking our brave law enforcement. He is going to get someone killed with this trash.

@CAgovernor @grok did California drain a local water reserve that could have been used to prevent forest fires? What were the politics around that

In just the past 24 hours, 15 new fires have ignited — on federal land — from Modoc to Klamath to Trinity. Trump needs to WAKE UP and start funding federal firefighters and land-management teams in these rural communities - instead of giving tax cuts to billionaires. Trump's incompetence is endangering lives.

@LinkN01 @grok what tax incentives does Norway offer for buying electric vehicles?

So, in Norway 🇳🇴 97% of all cars sold in June were EV. Let that sink in.

@jacobsoboroff You learn in grade school to raise your hand before speaking otherwise you visit the principals office...

Padilla statement.

Senator Padilla’s office sends me this video of his take-down and detention at Sec. Noem’s press conference in L.A.

@rawsalerts Captain Tequila reporting for duty

🚨#BREAKING: Watch as a Massive Mexican navy ship crashes into the Brooklyn bridge with 200 passengers on board 📌#Brooklyn | #NewYork Watch dramatic footage as a Mexican navy ship carrying 200 people crashes into the Brooklyn Bridge in New York. The vessel’s 150-foot masts were seen striking the iconic structure, sending debris into the water below. The ship, identified as the Cuauhtémoc, was built in Spain in 1982 and is used as a training vessel. Emergency crews are transporting victims to the Brooklyn Navy Yard, while those critically injured are being rushed to local hospitals. At least two people have been reported injured so far, and search and rescue operations remain underway as multiple people are in the water

@rawsalerts Camera man failed us. That person was going in for the mid air falcon punch and they missed the shot!

🚨#BREAKING: Watch the wild footage as a chaotic brawl erupts after a 17-year-old crashes through a Dollar General store, leading to charges of attempted murder after trying to hit a 15 year old 
📌#Bishopville | #SouthCarolina Watch as a chaotic brawl erupts outside a Dollar Tree in Bishopville, South Carolina, culminating in a car crashing through the storefront. Authorities report multiple arrests following the violent altercation that left the building severely damaged and forced its closure. A 17-year-old was charged with attempted murder and property damage after allegedly hitting a 15-year-old with a vehicle during the melee, before slamming into the store. Despite the impact, the 15-year-old sustained only minor injuries. The car then rolled away from the scene, crashing into another occupied vehicle in the parking lot, further escalating the chaos. In addition to the juvenile, 19-year-old Celvin Hickman and 24-year-old Shamirah Blyther were taken into custody for disorderly conduct. Hickman also faces charges of malicious injury to property. Authorities are continuing their investigation.