Coinbase is laying off about 700 workers , or 14% of its workforce, as CEO Brian Armstrong says the company is restructuring to become "lean, fast, and AI-native." Engadget reports: Armstrong claimed he'd seen engineers "use AI to ship in days what used to take a team weeks" and that non-technical teams in the company are "shipping production code," while Coinbase is automating many of its workflows. "All of this has led us to an inflection point, not just for Coinbase, but for every company," Armstrong wrote. "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." An AI-driven restructuring is only one half of the equation for Coinbase, though. Armstrong wrote that while the company "is well-capitalized, has diversified revenue streams and is well-positioned to weather any storm," the crypto market is down.…