Evan Lu

hardened by Texas A&M sports

[Evan Lu @Evanlu11]

Meanwhile this guy can probably walk through Shibuya and not bat an eye. We are all the same 🙏

[竹内 達也｜Tatsuya Takeuchi🖋📸⚽️ @thetheteatea]

嘘みたいな景色だ。

[Evan Lu @Evanlu11]

@brucefenton @last_to_crypto You son of a… I even had my guard up clicking into this. 👏

[Evan Lu @Evanlu11]

Babe wake up, new Audemars Piguet x Bibimbap collab just dropped

[Brian Armstrong @brian_armstrong]

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

[Evan Lu @Evanlu11]

Golden Tempo to the other horses:

[Evan Lu @Evanlu11]

@jakesing_ @lo3tus_ Too real

[Evan Lu @Evanlu11]

Can we normalize absolutely shitting on people that post AI-generated text online as their own in their first language?

[Evan Lu @Evanlu11]

@robauchincloss @rjonesy I’ll let the gate agent slap me in the face and ask for another if the flight has starlink

[Evan Lu @Evanlu11]

@pov_husband @insta360 Great hat!! Glad you enjoyed Texas! Gig ‘em!

[Evan Lu @Evanlu11]

@LasVegasFill Got that in November, was delicious but brushing herb oil on the skin and then ripping it off is stupid 😂

[Evan Lu @Evanlu11]

@BallKnowldge_ @PFF_College These stats don’t show dominance as they aren’t normalized for opportunities. However, if you watch the tape, MG’s dominance explodes off the screen. I remember him being routinely double teamed and still winning. Nothing against cash but he was more likely to be game planned.

[Evan Lu @Evanlu11]

@bitfloorsghost Are you a serial killer with that charm/tome/cube layout?? 😅

[Evan Lu @Evanlu11]

@Mearokii It doesn’t still look like that? 😭

[Evan Lu @Evanlu11]

@iah We really had to use AI to write this caption?

[Evan Lu @Evanlu11]

You know Imai is going to be gas on the mound because he finished his short rib and said “you know what, I’m gonna have a sandwich too”

[Chandler Rome @Chandler_Rome]

During the second day of spring, Tatsuya Imai stepped out of his comfort zone. He found a "connection" in Ryan Weiss, one of the only people familiar with his plight. Between PFPs, Imai approached Weiss, who organized a dinner with Houston's new pitchers -https://t.co/3kWtEmWyLy

[Evan Lu @Evanlu11]

@TalkativeTri Regarding bullet 3 - the modern average gamer does not enjoy exploring, discovering, and experimenting. They enjoy being piped content, watching numbers go up while they sit in the goo tank. You can only get this type of discovery from a smaller studio these days unfortunately 😔

[Evan Lu @Evanlu11]

@_ZachGriff @united What firm managed the cutover?

[Evan Lu @Evanlu11]

This is too real

[Erika Lee @erikalee]

tiktok has a new trend where people drink hot water and stretch in the morning and call it being chinese

but have u ever cried while doing math with your dad at the kitchen table and he broke your pencil in half

[Evan Lu @Evanlu11]

CJ Stroud truthers real quiet right now

[Evan Lu @Evanlu11]

@NoTLaunZx @luongas @Stealth40k Yeah that gets us closer for sure. Probably can feasibly get 90% of plays balanced this way. 10% of plays will still be broken. Very difficult or not feasible to manually create all scenarios. Will be a lot of work to balance with any path taken except “boss has this much hp”