Companies that are rescinding offers are just terribly managed companies. If you're in that bad of shape, then you should have done a hiring freeze months ago and there shouldn't have been any offers left to rescind (sure, there are odd ones where maybe they accepted 3 months early).
Coinbase is rescinding already-accepted job offers
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Re: Coinbase is rescinding already-accepted job offers
#92CRYPTO IS A FUCKING SCAM There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs. "But the US dollar is fiat" they will say, "what's the difference?!" Gee, I dunno, the fact that the US Government backs it? All central banks use it? It's the reserve currency of the world? Any currency that isn't backed by a government or wa…
> There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs. I wholeheartedly agree. I can’t wait until “web3” moves past the whole fintech thing and people start realizing the true value of Web3 technologies: the fact that you no longer need a third party to mediate interactions between individual users on the internet.
> the fact that you no longer need a third party to mediate interactions between individual users on the internet.
Could you explain this more?
Like how you no longer need your ISP, or the blockchain systems run by third parties?
It seems to me like just playing semantic games if the third party is supposedly no longer a third party if it's distributed.
Maybe I missed something concrete about "web3"'s promises?
Re: Coinbase is rescinding already-accepted job offers
#93Earlier quoted context omitted.
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.
Haha, I lived through so many of these cycles im crypto, e.g., the ICO scams of 2017 and yet everybody said, now crypto is dead...
Re: Coinbase is rescinding already-accepted job offers
#94Earlier quoted context omitted.
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.
> I think distributed ledgers are here to stay
What exactly makes you think that? As far as I can tell, it's still unclear if distributed ledgers are really effective tools for much of anything. What real problems have they solved?
Re: Coinbase is rescinding already-accepted job offers
#95Coinbase 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…
>Also the amount of equity sold by the CFO at the public listing indicated little confidence in the long term prospects. Where do you find this information? I'm really new to this. Is it using stock charts or something similar?
This is a simple, clean site that I like:
Re: Coinbase is rescinding already-accepted job offers
#96CRYPTO IS A FUCKING SCAM There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs. "But the US dollar is fiat" they will say, "what's the difference?!" Gee, I dunno, the fact that the US Government backs it? All central banks use it? It's the reserve currency of the world? Any currency that isn't backed by a government or wa…
> There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs. I wholeheartedly agree. I can’t wait until “web3” moves past the whole fintech thing and people start realizing the true value of Web3 technologies: the fact that you no longer need a third party to mediate interactions between individual users on the internet.
web3 is nothing but intermediaries. Everyone from the developers to the miners to the exchanges are intermediaries looking to get their cut
Re: Coinbase is rescinding already-accepted job offers
#97"While we did not make this decision lightly..." Yes but you aren't doing it humanely, either. I've been through the dot com crash and several hard economic downturns. It really puts your company's humanity on full display. It's the real test. Preserving cash flow is important. But you also have to do things carefully, openly, and with genuine care for the people who've believed in your vision. People will respect th…
How do you do it humanly? If it were me I’d rather get an email
When I was an underboss in a firm that was going down, I just told people. Informally, in person. I wasn't supposed to, but they were putting two and two together themselves, and it would have been wrong to leave them with an inaccurate idea of how the firm was doing.
Don't hire me if you need me to lie to your staff.
Re: Coinbase is rescinding already-accepted job offers
#98Earlier quoted context omitted.
How do you do it humanly? If it were me I’d rather get an email
It's not just about the method of communication, it's also about being made whole. These people should be getting severance. Also in America your healthcare is almost inextricably tied to your employer.
According to the article, they likely are getting severance.
Those affected will gain access to the company’s “generous severance philosophy” and “a talent hub to allow them to opt-in to receive additional support services.” (The details surrounding the severance package are unclear, but some affected workers on Blind alleged they would receive two months worth of base pay; a representative from Coinbase did not provide further comment.)
Re: Coinbase is rescinding already-accepted job offers
#99LinkedIn should set up a code of practice that bans this. Rescind offers? Then you can't advertise on LinkedIn for the next 5 years, and we won't host your job posts either. That would change the calculations at these companies and make the jobs marketplace better, at little cost to LinkedIn.
Is LinkedIn really that large of a recruitment source? They certainly don't have a monopoly on it
Re: Coinbase is rescinding already-accepted job offers
#100"While we did not make this decision lightly..." Yes but you aren't doing it humanely, either. I've been through the dot com crash and several hard economic downturns. It really puts your company's humanity on full display. It's the real test. Preserving cash flow is important. But you also have to do things carefully, openly, and with genuine care for the people who've believed in your vision. People will respect th…
can’t find the tweet right now but saw one where a candidate showed an email where a recruiter or hiring manager literally promised a few weeks earlier to not rescind their offer before rescinding it