"Coinbase CEO Brian Armstrong announced plans to lay off 14% of its workforce, stating that everyone must be 'a strong and active individual contributor.'"
"The trend reflects a shrinking tech world where middle managers are among the most vulnerable to cuts, while those who remain are expected to get their hands dirty."
"A January Gallup survey shows that managers were responsible for an average of 12.1 workers last year, up from 10.9 in 2024."
Tech companies are shifting towards fewer managerial roles, favoring 'player-coaches' who actively contribute while managing teams. Layoffs are prevalent, with companies like Coinbase and Block reducing staff significantly. Managers are now expected to oversee AI agents and take on individual contributor tasks. The trend indicates a flattening organizational structure, with a focus on efficiency and productivity. A Gallup survey shows an increase in the number of employees managed by each manager, highlighting the evolving expectations in the tech industry.
Read at www.businessinsider.com
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