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A follow up to Coinbase being a mission focused company

blog.coinbase.com

11–20 of 774 posts

Re: A follow up to Coinbase being a mission focused company

#11
One thought: If you see a resume with Coinbase until October 2020, that's probably someone who prefers political activism in the workplace.

That might be seen in a positive or negative light, depending on your stance.

I personally am afraid to associate myself too publicly with a political stance, lest I be wrong and/or the environment changes.

Re: A follow up to Coinbase being a mission focused company

#14

> “I’m worried that the severance package was too good” Yeah... I'm genuinely curious how many people actually quit over the "apolitical" stance, vs employees that were just unhappy with the job in general and took this convenient opportunity to leave with a pretty sweet deal.

That employee is distanced enough from the idea that people would genuinely want to leave that I kinda laugh when I read their quote. COBRA alone would eat up most of the severance. Either people managed to get through a _whole interview process_ in a week, or they're fine with the idea of being jobless during the worst economy in 12 years, or they price the benefit of not being there fairly high. Which then leads us…

Software seems to be doing okay, jobs-wise. The number of recruiters showing up in my inbox hasn't changed. I think health insurance is included in the severance.

Re: A follow up to Coinbase being a mission focused company

#16

> “I’m worried that the severance package was too good” Yeah... I'm genuinely curious how many people actually quit over the "apolitical" stance, vs employees that were just unhappy with the job in general and took this convenient opportunity to leave with a pretty sweet deal.

That employee is distanced enough from the idea that people would genuinely want to leave that I kinda laugh when I read their quote. COBRA alone would eat up most of the severance. Either people managed to get through a _whole interview process_ in a week, or they're fine with the idea of being jobless during the worst economy in 12 years, or they price the benefit of not being there fairly high. Which then leads us…

> COBRA alone would eat up most of the severance.

A single software engineer paying for full price for high premium plan on COBRA would be spending around $400[1], over the whole 18 months of doing that it would be $7,200 which would be less than one month's paycheck on a $160,000 salary.

A cursory look at h1bdata.info shows that Coinbase pays plenty of H1B's that much, on the low side.

Your view is a little exaggerated.

There isn't a downside here. If you were there a very short amount of time, just remove it from your resume and have a gap. Its inconsequential for software engineers. If you were there for over a year, take your vested shares, leave it on your resume, and still coast. If you were already interviewing and had another offer, do the same.

[1] To my surprise, people are paying WAY more for health insurance. Are they San Francisco/Bay Area residents? Unknown. Are they individuals or paying the family rates? Unknown. Are they using the most competitive providers? Unknown. Is Coinbase still covering health insurance for people on severance as if they were employees with COBRA starting after the severance period is over, adjusting all of our math? Unclear.

Re: A follow up to Coinbase being a mission focused company

#17
post #6

A few years ago when bitcoin was going up in value so much Coinbase was one of the best places to be, now I dont see much upside for the company, I imagine a bunch of people there are happy to leave.

As they make money on each trade of Bitcoin they are doing quite well financially even if Bitcoin prices aren't shooting to the moon.

Re: A follow up to Coinbase being a mission focused company

#18

One thought: If you see a resume with Coinbase until October 2020, that's probably someone who prefers political activism in the workplace. That might be seen in a positive or negative light, depending on your stance. I personally am afraid to associate myself too publicly with a political stance, lest I be wrong and/or the environment changes.

That's if people even remember. Which means maybe the next 6-12 months, and after that it'll be forgotten.

Re: A follow up to Coinbase being a mission focused company

#19

One thought: If you see a resume with Coinbase until October 2020, that's probably someone who prefers political activism in the workplace. That might be seen in a positive or negative light, depending on your stance. I personally am afraid to associate myself too publicly with a political stance, lest I be wrong and/or the environment changes.

Or it might mean a hostile work environment. Who knows.

Re: A follow up to Coinbase being a mission focused company

#20

One thought: If you see a resume with Coinbase until October 2020, that's probably someone who prefers political activism in the workplace. That might be seen in a positive or negative light, depending on your stance. I personally am afraid to associate myself too publicly with a political stance, lest I be wrong and/or the environment changes.

Or they joined during the crypto euphoria era and have been disappointed by the general state of the market, and decided it was a good deal to give them some runway to find something that excites them more.
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