BlockBeats news, on May 5, Dragonfly partner Omar commented on Coinbase's layoff of approximately 14% (around 700 employees), stating that the move aims to save about $225 million in annual payroll costs and drive the company’s transformation into an AI-native organization.
It notes that AI has significantly transformed production methods, greatly improving engineering efficiency, enabling non-technical teams to participate in production-grade code development, and automating most workflows.
Omar cited internal thinking, stating that Coinbase is transforming itself into an organization that is "smart by design, with humans collaborating at the edge," while advancing flattening management (reducing to fewer than five layers), eliminating pure management roles, and strategically hiring AI-native talent capable of managing large-scale AI agents to achieve higher productivity.