Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%.
Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm.
Our business is still volatile from quarter to quarter.
AI is changing how we work.
We are flattening our org structure to 5 layers max below CEO/COO.
Every leader at Coinbase must also be a strong and active individual contributor.
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission.
All impacted team members will receive an email to their personal account in the next hour with more information.
The Coinbase that emerges from this will be more capable than ever to achieve our mission.
