Coinbase has significantly increased its reliance on AI for code development, with 95% to 100% of its code now written or assisted by AI, up from 40% in February. This shift follows the company's layoff of 700 employees in May, representing 14% of its workforce. CEO Brian Armstrong emphasized the transformative impact of AI on work pace, aiming to restore a startup-like agility and focus. Rob Witoff, Coinbase's Head of Platform, highlighted that nearly all employees utilize AI daily, although core cryptography remains manually written. The company has reorganized its teams to be smaller and more senior, with AI enabling 2-3 people to perform tasks that previously required over 10. Engineers typically operate 5 to 10 AI agents simultaneously, collectively handling the coding workload of approximately 1,200 employees. By 2030, AI agents are projected to manage work equivalent to 100,000 employees.