Updated Dec 27
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Coinbase is axing 14% of its workforce as it ditches 'pure managers' for AI-driven roles. Expect leaner, AI-backed 'player-coaches' managing larger teams. This shift could be risky, but also transformative for those adapting quickly.
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Snap Cuts 16% Workforce: AI Shift Sparks Layoffs
Snap Inc. is dropping 16% of its workforce in a major AI pivot. The move aims to save over $500M annually by automating roles, but it's causing a stir. Builders need to know if AI can really replace human roles effectively and if this trend signals broader tech shifts. Costs: $95-130M in severance.
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