Dragonfly partner comments on Coinbase layoffs: can save $225 million in costs

BlockBeats News, on May 5th, Coinbase partner Omar commented on the company’s layoffs of about 14% (approximately 700 people), stating that this move aims to save approximately $225 million in annual salary costs and to drive the company’s restructuring into an “AI-native” organization.

He pointed out that AI has significantly changed production methods, greatly improving engineering efficiency, and non-technical teams can also participate in production-level code development, with most workflows being automated.

Omar cited internal ideas, saying that Coinbase is reshaping itself into an organization centered on intelligence, with humans collaborating at the edges, while also promoting flat management (reducing to fewer than 5 layers), eliminating purely managerial roles, and focusing on introducing AI-native talent capable of managing large-scale AI agents to achieve higher productivity.