Coinbase announced today that it will lay off 14%, and its stock price jumped 6% in response. Two reasons, same as mentioned in the previous tweet: First, the Crypto market is volatile, and right now it's a downturn—basically a bear market phase. Second, AI is reshaping teams and workflows—basically, 2 people can do the work of 5. Fewer layers, faster decisions, flatter teams, and more AI-native. It's an undeniable fact that AI is taking away more people's jobs.