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Coinbase is rescinding already-accepted job offers

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Re: Coinbase is rescinding already-accepted job offers

#41
>Joseph Patrick "Joe" Kennedy, Sr. JFK's father, claimed that he knew it was time to get out of the stock market when he got investment tips from a shoeshine boy. On that moment Joe Kennedy had the intuition that we were at the end of the bull market and subsequently he decided to short the market and became .. multi-millionaire !

https://www.4investors.eu/post/the-shoeshine-boy-indicator

Similarly, when I saw the crypto Super Bowl ads, I knew the bubble was about to pop.

Re: Coinbase is rescinding already-accepted job offers

#42

Earlier quoted context omitted.

Crypto has boom and bust cycles. It will be back again, and mania will happen again.

Past booms are no guarantee of future booms. Fundamentals of crypto don't appear sound to me. So I wouldn't put much stock in them.

Yah. I think distributed ledgers are here to stay, as are some tokens of stored value. But I don't think the insane bidding up of many tokens will ever happen again.

Re: Coinbase is rescinding already-accepted job offers

#43

Earlier quoted context omitted.

1 month is no where near enough. Folks probably left money on the table at the previous job to join Coinbase and now are going to be at a significant disadvantage negotiating for their next position.

Some folks may have spouses or partners change jobs at the same time in preparation for a move. Coinbase should have paid a lot more than 1 month. And what is this nonsense about paying severance in cash? Do they believe in crypto or do they not?

It's a grift.

Re: Coinbase is rescinding already-accepted job offers

#44

Earlier quoted context omitted.

Crypto has boom and bust cycles. It will be back again, and mania will happen again.

Past booms are no guarantee of future booms. Fundamentals of crypto don't appear sound to me. So I wouldn't put much stock in them.

General sentiment is too many people made too much money not to give it another go.

Re: Coinbase is rescinding already-accepted job offers

#46
post #36
post #7

Coinbase tried to recruit me last summer. I politely told the recruiter that I felt it was all bubble speculation mania. Also the amount of equity sold by the CFO at the public listing indicated little confidence in the long term prospects. I guess I was right? Not trying to brag or anything. Just a tip to everyone job hunting I guess. Watch what executives do (not what they say). Well, and human history of speculati…

I told them something similar (didn't know about the CFO, I don't care enough to pay attention). I'm also amused by the headhunter I heard from who apparently was trying to specialize in whatevercoin/NFT/etc. startups. I politely told him I would entertain any non-"web3" plays, and he started telling me how I was making the worst career choice of my life and turning away money, etc. Wonder how he feels about his care…

> ...amused by the headhunter...

> Wonder how he feels about his career right now.

Pretty good, for all the money he collected placing developers in these crap bubble jobs. A little sad, that recruiting is going to be down for a couple years before he can start cajoling developers to take some other kind of new-fangled job that he doesn't understand.

Re: Coinbase is rescinding already-accepted job offers

#47

I mean Coinbase has been telling people who they are for years - no one should be surprised. I think we should be more surprised that anyone wants to work for Coinbase, Tesla, etc.

Coinbase are legit scammers, but why Tesla? Is your uncle Dick Cheney by any chance?

Re: Coinbase is rescinding already-accepted job offers

#49
post #9
post #4

Earlier quoted context omitted.

Rookie numbers. TSLA moves this much every other week.

Look at the % change compared to the total market cap.. https://companiesmarketcap.com/tesla/marketcap/ https://companiesmarketcap.com/facebook/marketcap/ https://companiesmarketcap.com/coinbase/marketcap/ Coinbase seems to still be the "winner" here.

Percent change doesn't make sense either. Plenty of companies have lost a much higher percentage in the time period.

Re: Coinbase is rescinding already-accepted job offers

#50

Aren't a lot of job offers accepted by email these days? So what's the problem with rescinding them by email? This is not like firing someone who has a established relationship with a company and might see his coworkers as friends etc. over email.

I kind of agree, but to get an offer letter you surely must have had at least one telephone call or video conference, if not several hours of in–person interviews.
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