Today I've made the difficult decision to reduce the size of Coinbase by ~14%

Recession signal.

How does the “flattening” affect equity grants. With fewer employees, does each get larger equity stakes?

16weeks plus week or so per year of service is pretty good

Lol “Non-technical teams are now shipping production code” definitely what I want my financial institution doing.

The behavior of companies when "adapting to AI" is like a famous phrase about communism - they heroically struggle overcoming problems created purely by themselves.

>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

Good luck to those (human) teams when the briefness stuff hits the fan thanks to an AI hallucination... oh wait, the Active Individually-contributing leaders will be there to lend a hand, right?

"Non-technical teams are now shipping production code"

> Leaders will own much more

Heh. This is the kind of phrasing that just begs to be misunderstood.

Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks.

And I suspect that over the coming year, we'll be watching the consequences of this unfold.

I never much liked Coinbase. I like them much less now.

Bitcoin is down from its highs and the big boys are in. Tether collateral is handled by Lutnick's Cantor & Fitzgerald and moved to BFF Bukele's El Salvador. Previously the combo was Deltec Bank (CIA linked) in the Caribbean.

The Tether narrative has just been broken and Iranian assets have been frozen:

https://edition.cnn.com/2026/04/24/politics/us-freezes-crypt...

This of course means that the primary use case of Bitcoin, sanctions' evasion, is no longer secure.

It becomes clearer and cleared that Lutnick and Trump are actually the deep state and the big boys mean it. Further crackdowns on China and Russia are coming and it does not look good for Bitcoin.

But by all means, cite AI nonsense as a favor to fellow founders to pump up their valuations.

I would love to see what IC Brian is doing.

Print it all out and bring it to the meeting please.

If I were an employee that got laid off with this email, I'd be really angry and sad.

"But don't worry, I assure you I still intend to personally become wealthy. Thank you for your time and attention to this matter!"

> Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption

Crypto is always about to take off. If the company is sitting so well, and is facing imminent growth, then they don't need to do layoffs, they want to. Or the company is not sitting so rosy and they're not too sure about their future.

> Non-technical teams are now shipping production code

What could go wrong?

"Difficult decision" says billionaire sacking people, many of whom have families, so he can make even more money.

> Second, AI is changing how we work. 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.

As a reward, people driving the productivity have now received a reduction in their colleague pool.

Even his post is written by AI. Now that's efficiency!

> 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.

There is nothing that can go wrong with having non-tech people vibecode slop and push it to production... and certainly not when money (or monetary equivalents) are at play.

What is going to be the event that triggers Wall Street to realize a lot of these companies have been lying about their financials?

Guys I'm from Texas and I want to share something with you all, my friends I've made here on the internet from my heart.

I think all of us are a bit sad now that AI has essentially removed what it means to be a coder.

There will never again be the time like we had, the golden age of being a nerd. We nerds had it all, and then we destroyed it by making something too smart!

As a Texan, it's kind of like cowboys. Coders were wrangling the computer, but now we have been replaced by industry and mechanics.

Having read the twitter post, it was raw and honest, and I want to share some ideas about life that I feel are relevant.

The first one is that when you work, you should always do something you believe in, because nobody can take that away from you.

If you worked for the money, or because someone told you you could be a part of a cool team, your whole world falls apart when you get let go.

But if you work because you truly believe your work is worthwhile, you will always be glad you did it.

I feel that people on here continually complain about capitalism and how bad corporations are. I challenge all you all to check yourself and ask what are you doing to be a part of the system. If you go accept employment at a 9-5, you are part of the system and making it stronger.

I have always refused to have a job. At age 32, I have only ever worked at one company as an employee, and that only for a short time, and the person was a genuine friend of mine.

I ask each person here to quit working at a company. I think all of us should choose to only ever work at a nonprofit.

Fundamentally Capitalism can't be defeated if we complain and then try to negotiate the biggest salary or benefits.

It's logically stupid for us to be saying they are evil, when we do the exact same thing with a salary.

Instead, each of us should work at a nonprofit, and we should NEVER accept a salary but instead ask them to give to us when they have something left over.

Ultimately, friends, I chose to tell my boss one day (the guy I ended up being an employee at his small company for for a bit), that I didn't want a salary, just donate if you want.

Ever since then, I have been happy.

I hated life when I worked for money. But now, I love it. I have gotten to code on many fun projects, but for the first time I felt alive.

It was terrifying with a wife, a kid and a mortgage to say that. But I am a true believer that the universe, or God has a plan for everyone, and that if you stop worrying and doing what you are told, and just go out and love people, it will all work out.

What I found is that the pay you get working for free is better than the pay you could ever get with money.

You can finally live with yourself when you just love everybody, every day.

If you pay me, and I did great work, you will never know if I love you. But if I did it for free, for all of eternity, you will know that you know that I care about you. And that, to me, is worth more than all the money in the world.

That's why I never accept a salary when I work. I just let people give as they feel fit.

Yes, it is hard, and it doesn't always feel fun. But it is 1000X worth it.

Thank you for reading, God bless you and have a great day!

Another dying business betting on AI to save them. Good riddance

Coinbase has achieved "AGI" internally.

ok sure good luck. more like conbase anyway

To me that sounds like financial issues dressed in PR slop.

Crypto in bear market, volume is down. Less money to skim. Layoff.

The AI bullshit is CEO feel-good talk.

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Lots of layoffs this year. The economy is in bad shape.

Many comments are mocking the "Non-technical teams are now shipping production code" line as an obvious disaster waiting to happen.

I think this will be commonplace in the not too distant future.

Some disasters will happen, just like they did before AI. Skeptics will gleefully point out these failures while more and more non-technical teams ship code.