AI & Jobs Coinbase's May 5 「AI-Native」 Memo: 14% Out, 「Player-Coaches」 In, Five Layers Below Armstrong, $50–$60M Severance — Q1 Earnings Drop May 7
Coinbase laid off ~700 (14%) on May 5, capped the org at five layers, replaced 「pure managers」 with 「player-coaches」 owning 15+ reports, rebuilt the rest into 「AI-native pods」. Q1 earnings May 7.