Coinbase is rescinding already-accepted job offers • Hacker News Board

Re: Coinbase is rescinding already-accepted job offers

#101

Post by panarky » Sat, Jun 04, 2022, 4:51 PM UTC

riotney wrote: post #16

carlivar wrote: 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…

>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?

You can read the public filings with the SEC here: https://www.sec.gov/edgar/browse/?CIK=1679788

But if you don't know what you're looking for it can be tedious.

Here are insider purchases and sales in an easier to navigate format: https://www.nasdaq.com/market-activity/stocks/coin/insider-a...

Re: Coinbase is rescinding already-accepted job offers

#102

Post by st34m » Sat, Jun 04, 2022, 4:53 PM UTC

paraph1n wrote: post #94

mlyle wrote: post #42

Earlier quoted context omitted.

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?

It's quite useful for buying drugs.

Re: Coinbase is rescinding already-accepted job offers

#103

Post by drfuchs » Sat, Jun 04, 2022, 4:53 PM UTC

Still a lot better than having you show up and then get laid off a week later. Typically happens in larger companies where your boss’s boss doesn’t know that his boss’s boss is about to lop off your department because her boss’s boss has to cut expenses.

Re: Coinbase is rescinding already-accepted job offers

#104

Post by whymauri » Sat, Jun 04, 2022, 4:53 PM UTC

RcouF1uZ4gsC wrote: post #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 cr…

Did you short crypto?

Re: Coinbase is rescinding already-accepted job offers

#105

Post by 1024core » Sat, Jun 04, 2022, 4:53 PM UTC

A Coinbase recruiter sent me an email a few months ago with this emoji https://emojipedia.org/emoji/%F0%9F%93%88/ in the subject line; I politely told him that the emoji was rotated 90 degrees...

Re: Coinbase is rescinding already-accepted job offers

#106

Post by geerlingguy » Sat, Jun 04, 2022, 4:54 PM UTC

la_fayette wrote: post #93

mlyle wrote: post #42

Earlier quoted context omitted.

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...

How many of those cycles were decades-long?

Re: Coinbase is rescinding already-accepted job offers

#107

Post by hallway_monitor » Sat, Jun 04, 2022, 4:54 PM UTC

lordnacho wrote: post #97

baby wrote: post #55

Earlier quoted context omitted.

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.

This is literally my only request from management. If you know I'm going to lose my job don't wait until my last day to tell me. Give me some time to set up other options.

Re: Coinbase is rescinding already-accepted job offers

#108

Post by BrainInAJar » Sat, Jun 04, 2022, 4:55 PM UTC

toddmorey wrote: post #17

"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…

The people who are going to be screwed the most are immigrants who now have to find another visa sponsor & fast

Re: Coinbase is rescinding already-accepted job offers

#109

Post by nxmnxm99 » Sat, Jun 04, 2022, 4:56 PM UTC

teaearlgraycold wrote: post #81

baby wrote: post #55

Earlier quoted context omitted.

How do you do it humanly? If it were me I’d rather get an email

Take the hit. I worked for a series B startup employing around 100 people at the start of the pandemic. Because of the pandemic the business was entirely shut down for 6 months. And was barely operational for longer still. Not a single person was let go. Now, this requires you to run your business responsibly from the start. If you’re already on the edge of your runway you either cut back or die. But if you have the…

What? If you're cutting, you're not doing it for excess fuck-you cash, it's clearly a runway planning scenario. Giving the example of a company that basically shut down while paying their employees to do nothing isn't helping make your point.

Re: Coinbase is rescinding already-accepted job offers

#110

Post by irrational » Sat, Jun 04, 2022, 4:56 PM UTC

I think this is the third time I've seen this in my professional career. First during the dot-com bubble burst in the early 2000s. Then during the 2008 recession. Now again we are starting to see news everyday about another company going through layoffs. Soon there will be a tsunamai of hiring freezes and layoffs as every company gets in on this. If the past is anything to go by, things will be bad for a number of years, but then will greatly improve on the other side.