Coinbase to cut 14% of staff, shifting to AI-driven 'one-person teams' model

Coinbase Global announced plans to lay off about 14% of its workforce as part of a strategic shift to increase agility and efficiency. CEO Brian Armstrong revealed the company will adopt a new working model where employees act as engineers, designers, and product managers simultaneously, supported by artificial intelligence. Despite being well-capitalized, Coinbase faces market volatility and aims to leverage AI to streamline operations and reduce headcount. This move signals a broader trend of tech firms integrating AI to reshape workforces and workflows.