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Coinbase is rescinding already-accepted job offers

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Re: Coinbase is rescinding already-accepted job offers

#271

Post by butfreemrkt »

Corporations manipulate human agency at scale for their benefit. Film at 11.

Please father, may I have another? I’m afraid I did not learn my lesson last time, says public through apathy to adjust agency.

Plenty of impotent rage and frustration. Hardly any exceptional deviation from routine of it. Such grit.

Last I checked, nothing is stopping teachers, nurses, programmers, from quitting and signing up their community to take advantage of their services.

Give a minority of bean counters authority to count your beans, don’t be surprised when your allotment comes up short.

Corporatism is effectively quota based communism everyone is afraid of; “your skills earn you this much per annum! No more! Remember the fundamentals!”

Secular propaganda repeated over and over to make it stick. Advertising and marketing spawned from WW2 propaganda research. They’re intentionally targeting biology religion stumbled upon.

Re: Coinbase is rescinding already-accepted job offers

#272

Post by ipaddr »

scarface74 wrote: post #130
hallway_monitor wrote: post #107

Earlier quoted context omitted.

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.

You should always have other options. You shouldn’t wait until you’re about to be laid off. I can honestly say there isn’t a single day since 2008 (I’ve been working a lot longer) that if the company I was working for laid me off that I wouldn’t be prepared to look for another job the same day. That means an updated resume, career document of accomplishments and talking points, an active network and “fuck you money”…

A developer in SF is not in the upper quintile.. they can't even afford a starter house. Big cities add huge costs that start making sense with home ownership but will leave a renter worse off.

Good advice on the other points.

Re: Coinbase is rescinding already-accepted job offers

#273

Post by lcvw »

redisman wrote: post #133
gdulli wrote: post #69

Earlier quoted context omitted.

It's less nice and more that they're paying people to sign away their right to sue. Imagine you've left your job, you probably don't want to go back there. You have to start a new job search. You're likely out more than one month's salary. Plus the intangibles of a job search while unemployed vs. employed. Imagine you declined COBRA, or even with COBRA, you might end up with a period of being responsible for your own…

COBRA is actually a terrible deal if you had a nice plan. You could pay a third to get a decent marketplace plan in most places

The last time I looked at marketplace plans (in my state ymv). I couldn’t find a single one that had good enough coverage for this to be worth it. The person I was looking for hits their out of pocket max every year though, so it just depends on your usage. The best I could find was like 1k a month + a 12k out of pocket max, so 24k a year total. But ymmv

Re: Coinbase is rescinding already-accepted job offers

#274

Post by distrill »

turdnagel wrote: post #243
kodah wrote: post #139

Earlier quoted context omitted.

The worst part is that Coinbase's interviews are difficult. If I'd spent months studying, rejecting other (good faith) offers, and then had this happen I'd not only be in a bad spot (without a job entering a recession) but I'd be furious at the inequality of input and output. I've been interviewing for the past month and I made a rule that I won't be doing any algorithm interviews. I didn't have time to study; some f…

What position did you interview for at Coinbase? I made it to offer stage and did not have to do any algorithms.

what position did you interview for? they are very definitely an algorithm interview company for technical roles.

Re: Coinbase is rescinding already-accepted job offers

#275

Post by mmarq »

oceanplexian wrote: post #229
mathattack wrote: post #184

Let’s ask “Why are they doing this?” I will start by saying most indications are that the management is very rational. Sometimes companies use downturns to get rid of people that they haven’t managed properly. It’s lazy, but cutting the bottom 10% in a layoff can be less short term work than performance reviews. They avoid the PR issues by saying “everyone is doing it.” This isn’t what Coinbase did. If companies are…

> So why are they doing this? My sense is they see what’s coming. I think this vastly overestimates how efficiently corporations are actually run. I've been in meetings with executives at several public companies. When the topic of adjusting HC or spending money comes up, usually those conversations happen in a ratio of 50% politics, 40% wild-ass opinion, and 10% data. And almost always, the "data" are completely che…

> I wouldn't say that means Coinbase is healthy, or unhealthy

I’d say that a company that makes an offer today and reneges it tomorrow is not a healthy company. It’s certainly not a company I’d work for. We aren’t talking about contracts underwritten 3 years ago.

Re: Coinbase is rescinding already-accepted job offers

#276

Post by maccard »

mlyle wrote: post #247
hiq wrote: post #204

Earlier quoted context omitted.

> big fraction of this could be done cheaper and with a higher agree of assurance by distributed ledgers than notaries These theoretical benefits have been around for 10+ years with little to show for it. Ledger-based solutions tend to focus on a tiny technical step of a big process without considering whether that's a bottleneck or even a non-negligible part and whether improving it actually results in a better solu…

> I used to sympathize and engage with the theoretical arguments; but at this point a more productive approach is: if the advantages are such and such, Distributed ledgers are being used for real business cases in banking. Realizing these full benefits will take a very slow process of societal adoption and legal/evidentiary recognition. I said "not going away". These use cases are going to slowly grow and become ubiq…

> JP Morgan and Liink are quietly connecting hundreds of banks and using it to more robustly and quickly move payment-related information between banks.

At this point you're trusting JP Morgan and link to run the ledger. What if I disagree with a transaction and fork the ledger? How is this any different to JP Morgan running a SQL database and speaking a common protocol?

Re: Coinbase is rescinding already-accepted job offers

#277

Post by codegeek »

solveit wrote: post #241
codegeek wrote: post #196

Earlier quoted context omitted.

I honestly don't get the point of Coinbase. Isn't it a centralized system to manage what is supposed to be decentralized and that kinda defeats the purpose? I may be dumb.

Email is a decentralized protocol and the fact that you use a centralized provider such as gmail only somewhat defeats the purpose of email being a decentralized protocol instead of Google Messenger.

You have a point but not quite the same. Email is not a speculative instrument which makes Coinbase a very risky proposition for people who are using it for transactions. I can also change Email providers (can be painful sure but possible).

Re: Coinbase is rescinding already-accepted job offers

#278

Post by ss2003 »

jes wrote: post #240
bathtub365 wrote: post #217

Earlier quoted context omitted.

It’s ok to be mad at a company if they fuck you over by rescinding a signed offer.

Of course. If someone wants to be angry, that's their choice. Yet a lot of people get angry easily, and being an easily-triggered person works against a person's life. No one wants to constantly have to walk on eggshells around another person in order to be their friend, partner, child, etc. Personally, I don't enjoy the emotion of being angry. If you do, more power to you.

It's nice to be able to afford to not get angry. That's not an option for everyone.

Re: Coinbase is rescinding already-accepted job offers

#279

Post by dragontamer »

r3trohack3r wrote: post #261
smeeding wrote: post #248

Earlier quoted context omitted.

I think the Ponzi claims stem from the fact that so many people are in the market for speculative profit (and not to revolutionize finance or whatever), and the fact that earlier investors can only capitalize on their investments by proselytizing, recruiting, and ultimately selling their bags to new investors. Framed that way, it’s quite Ponzi-ish.

This is true of any value storage vehicle. You only make money - or get your money back out - by passing it on to the next person. Art, baseball cards, stamps, stocks, gold etc. all work this way.

You make money from stocks by holding onto them and collecting the dividend.

Re: Coinbase is rescinding already-accepted job offers

#280

Post by Apocryphon »

bingohbangoh wrote: post #221
kodah wrote: post #139

Earlier quoted context omitted.

The worst part is that Coinbase's interviews are difficult. If I'd spent months studying, rejecting other (good faith) offers, and then had this happen I'd not only be in a bad spot (without a job entering a recession) but I'd be furious at the inequality of input and output. I've been interviewing for the past month and I made a rule that I won't be doing any algorithm interviews. I didn't have time to study; some f…

This sentiment seems common on Hacker News but I'm not sure its wise. Companies that have high standards are far more interesting places to work at and with more interesting colleagues. They all require whiteboards and leet code. It's definitely true that not all companies that use these algorithm interviews are worth working for. But, at least in my experience, companies that don't require them at all are pretty awf…

> Companies that have high standards are far more interesting places to work at and with more interesting colleagues. They all require whiteboards and leet code.

The industry is at a point where there are plenty of clueless cookie cutter companies cargo culting Leetcode just because those interesting companies engage in it.

As far as interesting companies that don't require that, there's at least Stripe, famously, and surely more from this list:

https://github.com/poteto/hiring-without-whiteboards

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