"We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create a coordination tax. The future is small, high context teams that can move quickly."
"In Coinbase 2.0, the concept of 'pure managers' will be a thing of the past. Instead, managers will be required to act like 'player-coaches' and build alongside their teams."
"Armstrong said leaders will 'own much more' and have around 15 direct reports, emphasizing the need for a more hands-on approach in management."
Coinbase is implementing a significant workforce reduction, laying off 14% of its employees. The company is restructuring to eliminate middle management and create smaller teams. CEO Brian Armstrong emphasized a flatter organizational structure with a maximum of five layers between employees and top executives. The role of pure managers will be replaced by 'player-coaches' who work alongside their teams. This shift aims to enhance efficiency and agility within the company as it navigates a challenging market environment.
Read at www.businessinsider.com
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