Coinbase just announced it would cut 14% of staff. Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images Coinbase is laying off 14% of staff and restructuring its workforce. It's cutting the layers of management and pivoting to tiny teams. The idea of a "pure manager" is being scrapped; these employees will build alongside their teams. Coinbase is laying off 14% of its staff. Those who remain at the company are about to see quite a different workflow. CEO Brian Armstrong outlined his rationale for the layoffs in a memo on X on Tuesday , which he also said he sent to employees. 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%.…