Layoffs

• Coinbase is laying off 14% of its staff.
• Its CEO cited AI as the key reason for this, as it pivots to tiny teams and away from layers of management.
• The CEO's memo to staff had all the classic ingredients of a 2026 layoff letter.

Same story, different company.

• Meta told staff on Thursday that it planned to eliminate 10% of its workforce.
• Inside the company, employees are bracing for weeks of limbo as they wait to find out who will be cut.
• Meta employees responded internally with a mixture of questions, concerns, and jokes.

Welcome to "28 days of hell."