Coinbase Announces 18% Layoffs
blog.coinbase.com
Coinbase Announces 18% Layoffs
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Re: Coinbase Announces 18% Layoffs
#2This is sad. This was avoidable. There’s no recession as far as the eye can see. There’s a crypto recession.
Let’s go back to building real tech.
Re: Coinbase Announces 18% Layoffs
#3If we follow the weekly updates:
1. First a hiring "slowdown".
2. Hiring freeze and rescinded offers.
3. 18% layoffs.
What's the reason behind announcing it in stages? Don't they receive much more negative publicity this way? Or are they really making decisions from one week for the next?
Re: Coinbase Announces 18% Layoffs
#4Did coinbase pay employees in dollars or crypto?
Paying employees in coinbase-coins sounds very attractive, and if there is any group of people who would want that it's employees of a crypto company...
Re: Coinbase Announces 18% Layoffs
#5No post body was provided.
Re: Coinbase Announces 18% Layoffs
#6This is sad. This was avoidable. There’s no recession as far as the eye can see. There’s a crypto recession. Let’s go back to building real tech.
>There’s no recession as far as the eye can see.
Back your pardon? The Fed is expected to raise the interest rate by 0.75% in September, IIRC. If that's not a recession on the horizon, then what is?
Re: Coinbase Announces 18% Layoffs
#7This is sad. This was avoidable. There’s no recession as far as the eye can see. There’s a crypto recession. Let’s go back to building real tech.
> This was avoidable. There’s no recession as far as the eye can see.
Can you elaborate on how the situation we're in was avoidable? Also curious why you think there's no signs of a recession.
Re: Coinbase Announces 18% Layoffs
#8If we follow the weekly updates: 1. First a hiring "slowdown". 2. Hiring freeze and rescinded offers. 3. 18% layoffs. What's the reason behind announcing it in stages? Don't they receive much more negative publicity this way? Or are they really making decisions from one week for the next?
It'll all be forgotten when they announce withdrawal freezes. Don't worry, it's for the Safety of the Network ™
Re: Coinbase Announces 18% Layoffs
#9Did coinbase pay employees in dollars or crypto? Paying employees in coinbase-coins sounds very attractive, and if there is any group of people who would want that it's employees of a crypto company...
I would assume they got paid in real currency. If they received crypto as a benefit, that's a whole other story.
Re: Coinbase Announces 18% Layoffs
#10This is sad. This was avoidable. There’s no recession as far as the eye can see. There’s a crypto recession. Let’s go back to building real tech.
No post body was provided.