If I were an employee that got laid off with this email, I'd be really angry and sad.
Is there a different layoff email that would leave you satisfied and happy?
Today I've made the difficult decision to reduce the size of Coinbase by ~14%
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Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#202I'll probably get some flack for this, but this is about as good of a layoff email as he could have sent. * explains the reasons (financials, AI enablement) * talks about what folks who are leaving get in detail (first) and thanks them * talks to the folks who are staying Layoffs are hard, no doubt, and I am not sure he's making the right choice. I see plenty of doubt about some of the actions in other comments that…
This email was 100% AI generated. I just edited a similar sentence from a claude code doc I'm writing - "we're not just X, we're fundamentally Y" is an obvious tell. I guess he's putting his money where his mouth is
Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#203Earlier quoted context omitted.
My company is doing this too. Our marketing team can use cursor web agents to make coding changes to the marketing website/blog/landing pages. The agents make the code change and make PRs in github where our tech team reviews it before merging. The marketing team is almost entirely non-technical.
To be fair marketing vibing content pages is different from managers vibing code that powers a trading app for example.
As difficult as it is to use CSS to centre a field, the stakes are in a different ball park.
Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#204Earlier quoted context omitted.
History has always been kind to inefficient systems organizing together for protection /s
Efficient system is when worker does work of 5 people for the same salary and CEO makes billions.
Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#205> We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. Experimenting or cost-cutting? Are these one-person "teams" you g to be paid more for having multi-domain roles regardless of how fast AI can churn out pseudo-MVPs? We're going to see this become a trend beyond Coinbase, IMO. The idea that companies just want employees to…
Plenty of us here can conceive, design, architect, build, ship and own things from soup to nuts, and feel a lot more invested in the result as a consequence.
If the compensation is good, and it feels less shackled and less bureaucratic, is that necessarily a bad thing?
Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#206"Non-technical teams are now shipping production code" Boy that's scary for a company that's effectively fintech...
Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#207> - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. Geeks who didn't even stand near professional sports should really shut up about anything sport related, lol. I would really like to see professional, established coach running around with young prodigies on a peak of their bio…
Exactly. People are too naive these days
Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#208Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#209> - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. Geeks who didn't even stand near professional sports should really shut up about anything sport related, lol. I would really like to see professional, established coach running around with young prodigies on a peak of their bio…
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Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%
#210As someone who did have 15 direct reports for a while, it’s a joke.
You basically are their manager in name only. Your time is so split you can’t give any one direct reports the attention they deserve. Quarterly and annual reviews are a farce because you genuinely don’t really know how people are doing except the signals you can receive when you’re not in a meeting with one of your 15 reports.
Just goes to show how far up their own asses some CEOs are. Meanwhile real people just want a boss who cares. Hope Brian feels happier with an extra billion dollars or whatever this year!