cachucheiro

@brian_armstrong This is genuinely one of the most stupid justifications i have ever heard or read. Thanks for the heads up. Im closing my account immediately.

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

@IsraeliPM I’ve seen smaller circus tents than those ears

Prime Minister Benjamin Netanyahu: “Israel will not remain silent in the face of those who attack us. Spain has defamed our heroes, the soldiers of the IDF, the soldiers of the most moral army in the world. 1/4

How has no one shared THIS one yet

It took 9 years and 3 billion miles to get this shot. Pluto’s icy Mountains.

Este tipo ha hecho mas por la imagen pública de Xabi Alonso que Xabi Alonso

@CEEuropa Miss Lugo 2025?

🪄🐂 ✍️

@BuArena Esto es el tuit de errejón del núcleo irradiador de “cuando llega el calor, los chicos se enamoran”

recuerdo las primaveras y los inicios de verano en donde el tiempo acompañaba e incluso propiciaba un ánimo que conducía al amor; el exterior invitaba a la vida y la vida incluía al otro como condición de posibilidad; la alteración climática afecta hasta al romance

chicos cada vez q veáis estos carteles los arrancais vale

Let me summarize exactly how Elon showed his entire ass here 🧵: -Brazil asked Elon to ban 7 fascist accounts spreading disinformation -Elon refused pretending it was a free speech issue even though he complied multiple times with similar requests from right wing govts

#Lugo 🫏🫏🫏 Tres burros quedan ensimismados ante su reflejo en la puertas de un negocio de As Gándaras acortar.link/HejblJ

Mandayo be like

I am BEGGING you all to watch this. One of the most incredible things I’ve ever seen and the only way it gets a season 2 is if people tune in on Netflix. HBO already cancelled it once, but it’s getting a new life on Netflix. I promise you won’t regret watching it.

@RonaldAraujo_4 El fútbol te ha golpeado duro, pero al menos no te ha golpeado tan duro como golpeas tú el balón cuando se la quieres pasar a un compañero que está a medio metro.

El fútbol que tantas alegrías me dio, ahora me golpea duro. Agradezco a todos aquellos que están incondicionalmente a mi lado, a mis compañeros que dejaron todo en el campo, y a la hinchada que creyó en este equipo hasta el final. Siento mucho no darles esta alegría. 🙏🏾 Lo volveremos a intentar. ¡Força Barça, ara i sempre! 🔴🔵🦍 Dios en el control 💪🏾#salmos30_5

"¿QUÉ PASA EN CASA SEAT?" Un fragmento del nuevo MEDIA OFFLINE. "CASA SEAT es lo que pasa cuando a un español le enseñas un Apple Store, una pesadilla retrofuturista muy rara, en la que también sirven menús de mediodía." Programa completo aquí: open.spotify.com/episode/3VLbIw…

never forget castro spamming the euro step so much that it made Che Guevara question his commitment to the revolution

@psoe_m @ppmadrid Pero, ¿sois subnormales? Pregunta seria

Para el @ppmadrid España 🇪🇸 se rompe, es una dictadura y no hay seguridad jurídica. Deberían explicárselo al mayor fondo privado internacional de inversiones

Barcelona no es tan insegura en realidad, lo que pasa es que los pases de Araujo cuentan para las estadísticas de criminalidad

Patrice O’Neal’s take on what “Creep” by Radiohead does to white people, specifically at 59 seconds into the song, continues to be the single greatest opinion anyone has ever had about music