"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."
"Today I've made the difficult decision to reduce the size of Coinbase by 14pc. We 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."
"We'll be concentrating around AI-native talent with new 'one person teams'... with engineers, designers and product managers all in one role."
Coinbase is cutting 14% of its workforce, affecting approximately 21 jobs in Ireland, amid a broader trend of job reductions in the tech sector. CEO Brian Armstrong noted that AI has significantly changed productivity, allowing engineers to accomplish tasks much faster. He emphasized the need for Coinbase to adjust its cost structure during a down market to emerge more efficient. The restructuring will focus on creating 'one person teams' that combine various roles, concentrating on AI-native talent to drive future growth.
Read at Irish Independent
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