[flagged]
Coinbase lays off around 1,100 employees
31–40 of 1001 posts
Re: Coinbase lays off around 1,100 employees
#32Re: Coinbase lays off around 1,100 employees
#33Genuine question: At what point do we actually declare that we are in recession. Do we wait for GDP figures out these signs are enough to assume we are in bear markets now.
Politically it could be after midterms was an idea floating around
Re: Coinbase lays off around 1,100 employees
#34No post body was provided.
Re: Coinbase lays off around 1,100 employees
#35Would this be the Coinbase whose CEO just spent $133 million on a home? https://www.ibtimes.com/inside-coinbase-ceo-brian-armstrongs... Capitalism is a harsh mistress.
There's nothing wrong with people collectively giving someone money.
With the context of what wealth inequality is doing to society and what political power raw money brings to people, I posit there is a line where it is wrong.
Re: Coinbase lays off around 1,100 employees
#36I think if employees feel slighted by being fired, they're fooling themselves. The best mindset is that you could be gone tomorrow. It gives you clarity and purpose. It also happens to be the truth. Coinbase was also extremely generous with severance. 12 weeks plus two for every one year at the company, I think. I've had the experience of being let go without notice and without severance. Devs seem a little more griz…
Anecdote: I had an old co-worker who was given 6 month's notice that he'd be let go from a previous job, and his manager at the time helped him look for a new gig + gave him shining reviews and references. After the 6 month period was up, they still gave him several months of severance, even after he had found a new gig. Some companies/managers actually do care about you, and it seems like Coinbase is roughly in that court.
Getting laid off with zero warning and no severance can be a life-ruining event if it's at a bad time logistically in someone's life. It could be way worse. Always have your resume updated, and take interviews every now and again just in case.
Re: Coinbase lays off around 1,100 employees
#37Earlier quoted context omitted.
Quoted post unavailable.
I do tiktok dances mostly, but weddings are fun too. The point is, I'm not sure there are any issues. People don't like change and uncertainty. But uncertainty is a fact of life. It's so much nicer just to accept it and move on. It helps you in the long run too.
My severance don’t jiggle-jiggle, it folds.
Converted it to fiat, you really oughtta see it.
Re: Coinbase lays off around 1,100 employees
#38I think if employees feel slighted by being fired, they're fooling themselves. The best mindset is that you could be gone tomorrow. It gives you clarity and purpose. It also happens to be the truth. Coinbase was also extremely generous with severance. 12 weeks plus two for every one year at the company, I think. I've had the experience of being let go without notice and without severance. Devs seem a little more griz…
Quoted post unavailable.
What exactly is the issue? Company predicts that the market is not going their way, and they are tightening their belt. Sucks to be on the receiving end, but are they supposed to keep all employees forever, business conditions be damned?
Re: Coinbase lays off around 1,100 employees
#39Being an employee in a high risk field like crypto is a tough business.
You are everyday one day away from a massive market crash or crypto heist to be let go.
(Yes, conventional companies too, but not to this extent)
Re: Coinbase lays off around 1,100 employees
#40Coinbase had over 5k employees?!!! WTF. What were they all doing?