501–510 of 616 posts
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He just bought a house for $133,000,000. That's enough to give everyone who was laid off slightly a severance of more than $120,000. Somehow I'm expecting accountability to be significantly less than that.
I had to look this up after seeing that eye popping number. Apparently 9 figure homes is a thing amongst the billionaire class: https://www.dirt.com/gallery/moguls/finance/brian-armstrong-...
> If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensu…
Unfortunately it's common enough. It's harsh, it's cold, but ultimately for companies it's a real necessity. The explanation is blunt and correct - even a single malicious actor can enact HUGE devastating harm. It doesn't have to be hot wallet / cold storage. Source code, business plans, revenue & profit statements, SSH to servers, physical access to datacentre, client contact lists, etc etc... there's a myriad thing…
No one seems to care about the huge effects this has on private citizens.
All the concern is with the ephemeral belief these businesses are the future.
Anyone remember Nortel? 80% of last generations Fortune 500 is gone.
The future has no obligation to drag along, and will probably mock how primitive it is, our bleeding.
These guys are traditional confidence men promising prosperity for the ages while routinely pumping and dumping all over the public, that despite what memes media and politics try to peddle, does not owe deference to history and self aggrandizing story.
Earlier quoted context omitted.
He just bought a house for $133,000,000. That's enough to give everyone who was laid off slightly a severance of more than $120,000. Somehow I'm expecting accountability to be significantly less than that.
I had to look this up after seeing that eye popping number. Apparently 9 figure homes is a thing amongst the billionaire class: https://www.dirt.com/gallery/moguls/finance/brian-armstrong-...
Is there a single YC company which is doing good in public market? It seems like all YC companies are net loss making investment for the retail investors have they bought the stocks in IPO.
DBX and ABNB are doing well (they're down relative to the highs of the last year or two but so is everything in tech). GTLB also looks like a pretty strong company given their solid market positioning and quality enterprise SaaS metrics. I'd classify those 3 as doing well overall.
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In Europe I think it's far less common to be fired in the first place, I actually know zero people that was ever fired (but I'm not saying that it doesn't happen, I think it even happened recently at Klarna).
I’ve known dozens of people fired by Google in a mass layoff, when they decided to close one of their offices. The process has stretched for months.
I suspect the fact that some people in this thread read it the way I do, and others (I guess including you?) read 'firing' to include redundancy, is causing a fair amount of confusion / people talking past each other.
(I'm not claiming I'm right and you're wrong, btw, just observing a linguistic disconnect)
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"Pardon, Officer, but we're firing several employees today and would you like you to assist. We're concerned they might say bad things to us." "ON OUR WAY!" This is a disgusting scenario. I hope they weren't misusing on-duty police resources for this.
You could tell the cops weren't happy about it. These were women in their mid 50's and up who worked front desk jobs, not really a risk of violence. All they wanted to do was go get their personal items and say goodbye to their peers. Some of them were forced to leave phones and purses behind and wait a week for them to be mailed to them. It's one of those times in life where you see the mask slip off and realize who…
How is that even legal? I wouldn’t leave without my personal belongings or I would file charges for theft with those cops.
> If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensu…
Asking as a layman to macroeconomics, if you think that the current rash of crypto companies collapsing heralds a greater economic catastrophe, do you have any advice on how to best survive another dot-com style crash?
1. Create a budget
Know how much you spend per month, and what are essentials (Rent, Food, Transport etc.) and what can go if you really need to (Netflix, eating out, etc.)
2. Have 3-6 months expenses in an emergency fund
Usually cash or things not likely to tank during a downturn like stock/crypto.
You can find more helpful info here: https://old.reddit.com/r/personalfinance/wiki/commontopics
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The main value proposition is to sell to the next person for more than you paid. Everything else about banking the unbanked or other vague goals about being better than fiat are to convince the next bag holder.
> The main value proposition is to sell to the next person for more than you paid. I agree. But I genuinely believe "bagholders" will be better off compared to saving in their own national currency - provided they manage their risk correctly. This is because national currencies keep inflating, so even a decreasing demand might maintain the same price, given the supply inflation difference. Since the pandemic, BTC has…
> If you are affected, you will receive this notification in your personal email, because we made the decision to cut access to Coinbase systems for affected employees. I realize that removal of access will feel sudden and unexpected, and this is not the experience I wanted for you. Given the number of employees who have access to sensitive customer information, it was unfortunately the only practical choice, to ensu…
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This is absolutely untrue. In Europe we work several days/weeks after the layoff notice. You can fire people from the night to the morning only in US
I(an american) was quitting a job at a UK company and tried to put in my 2 weeks notice, they said the standard was a 2 months notice for them and so I just kinda bumbled along for 2 months not doing much. Really odd practice
I've known quite a few senior developers with a 3 months' notice period baked into their contract.