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Coinbase lays off around 1,100 employees

coindesk.com

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Re: Coinbase lays off around 1,100 employees

#491

Post by asiachick »

Johnny555 wrote: post #45
sillysaurusx wrote: post #15

I 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…

People keep pointing to Armstrong's $110M house like it's some sort of injustice. If you think billionaires should exist at all, then that's one of the least-bad injustices imaginable Ok, I'll admit it, billionaires should not exist at all, there should be a heavy wealth tax that makes it hard to become a billionaire. Will a CEO work less hard if he (and his peers) can only ever gain $100M in net worth before a wealt…

why? So instead we have government officials with more money to hand to random cronies and massively wasted via graft?

What I like about billionaires is they cut through the red tape and often through the inefficiencies. I actually like they don't need consensus to decide what to use their money for. I don't agree that taxing that money away from them is a net positive for society.

Re: Coinbase lays off around 1,100 employees

#492

Post by gusgus01 »

derefr wrote: post #465
ausbah wrote: post #316

Earlier quoted context omitted.

>I 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. sorry but this reads like you drank the whole bowl of US corporate kool-aid. the insecurity and stress the comes from not knowing if you'll have a job tomorrow in literal insanity. 14 weeks severance shouldn't be seen an…

Someone could come along and ruin your life by framing you for some morally-awful social-presumption-of-guilt crime. Or a nuclear war could start tomorrow with a strike on your city. Or a tiny little meteorite could happen to fall directly on you. Or God could stop+terminate the VM containing the universe mid-run. The insecurity and stress are the human condition, my friend. That's what it means to be sentient.

I think there's quite a statistical difference between being laid off and the situations you listed.

Re: Coinbase lays off around 1,100 employees

#493

Post by taternuts »

sillysaurusx wrote: post #15

I 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…

I would love to get laid off with 3.5 months salary, what a dream

Re: Coinbase lays off around 1,100 employees

#494

Post by ldthorne »

derefr wrote: post #465
ausbah wrote: post #316

Earlier quoted context omitted.

>I 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. sorry but this reads like you drank the whole bowl of US corporate kool-aid. the insecurity and stress the comes from not knowing if you'll have a job tomorrow in literal insanity. 14 weeks severance shouldn't be seen an…

Someone could come along and ruin your life by framing you for some morally-awful social-presumption-of-guilt crime. Or a nuclear war could start tomorrow with a strike on your city. Or a tiny little meteorite could happen to fall directly on you. Or God could stop+terminate the VM containing the universe mid-run. The insecurity and stress are the human condition, my friend. That's what it means to be sentient.

That is a false equivalency.

We (theoretically) have control to improve and enhance workers' rights, and can make legislative changes to increase job security, or decouple the ability to live and subsist with employment.

Re: Coinbase lays off around 1,100 employees

#495

Post by TameAntelope »

dkural wrote: post #32
TameAntelope wrote: post #23

Earlier quoted context omitted.

An equally as irrational position as, "Crypto is the best thing ever!"

Was there an Enron turn-around? Crypto does some mildly useful things, which could justify perhaps 1% of the resources going into it.

Since we're just randomly linking unrelated things, FedEx turned their business around after their CEO saved it from bankruptcy at the blackjack table[0].

[0] https://www.businessinsider.com/fedex-saved-from-bankruptcy-...

Re: Coinbase lays off around 1,100 employees

#496

Post by helmholtz »

derefr wrote: post #465
ausbah wrote: post #316

Earlier quoted context omitted.

>I 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. sorry but this reads like you drank the whole bowl of US corporate kool-aid. the insecurity and stress the comes from not knowing if you'll have a job tomorrow in literal insanity. 14 weeks severance shouldn't be seen an…

Someone could come along and ruin your life by framing you for some morally-awful social-presumption-of-guilt crime. Or a nuclear war could start tomorrow with a strike on your city. Or a tiny little meteorite could happen to fall directly on you. Or God could stop+terminate the VM containing the universe mid-run. The insecurity and stress are the human condition, my friend. That's what it means to be sentient.

What the fuck? So one should actively go out and seek more of it? To me, BECAUSE things are uncertain, there's even more value in things that can be made certain. Then, we at least have the hope of being free to devote our limited, anxiety-riddled, conflict-avoidant, procrastinating brains on the parts that matter. I don't want to have to worry about things like health insurance or the wham-baam-thank-you-ma'am nature of US Capitalist idiocracy.

Re: Coinbase lays off around 1,100 employees

#497

Post by myle »

derefr wrote: post #465
ausbah wrote: post #316

Earlier quoted context omitted.

>I 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. sorry but this reads like you drank the whole bowl of US corporate kool-aid. the insecurity and stress the comes from not knowing if you'll have a job tomorrow in literal insanity. 14 weeks severance shouldn't be seen an…

Someone could come along and ruin your life by framing you for some morally-awful social-presumption-of-guilt crime. Or a nuclear war could start tomorrow with a strike on your city. Or a tiny little meteorite could happen to fall directly on you. Or God could stop+terminate the VM containing the universe mid-run. The insecurity and stress are the human condition, my friend. That's what it means to be sentient.

You are arguing that because very negative but also very unlikely events that we can't control, may happen, we shouldn't as society try to improve the conditions of our lives?

Re: Coinbase lays off around 1,100 employees

#498

Post by seventhtiger »

Apocryphon wrote: post #235
googlryas wrote: post #230

Earlier quoted context omitted.

Can you explain how it is a strawman? I've never seen any kind of wealth tax proposed that takes into account how the wealth was acquired, or what form the wealth was in.

It is an incredibly contrived, fantastical scenario that is too grating to even consider.

It's a realistic scenario for illiquid assets like art and land. Antique roadshow has real examples filmed on camera.

Re: Coinbase lays off around 1,100 employees

#499

Post by X6S1x6Okd1st »

kordlessagain wrote: post #291
Johnny555 wrote: post #281

Earlier quoted context omitted.

Does that do something to the power relationships in the world? The fact that you're even asking that is a reason we shouldn't have billionaires -- world power relationships shouldn't be based on the wealth of individual citizens. For example, what did Musk really talk about when he met with the president of Brazil? Did he represent American interests, Amazon Inc's interests, or Elon Musk's interests?

So then you are also OK with gutting capitalism and limiting company's abilities to make mad profits? Because, you can't have one without the other.

Why do you think a wealth tax would limit a companies abilities to make "mad profits"?

Re: Coinbase lays off around 1,100 employees

#500

Post by smsm42 »

xapata wrote: post #423
smsm42 wrote: post #335

Earlier quoted context omitted.

Why not btw? I mean, why is it worse for somebody to have power because he worked and invested for decades and made optimal decisions (and probably some luck) than for somebody to have power because he was born into the right family, knows all the right people in The Machine, has nice hair and is able to conceal his rampaging cocaine habit long enough to make himself too big to fail? I get that "wealth gets power" is…

> (and probably some luck) I'd reverse the skill and luck relationship. Success at that magnitude is almost entirely luck (and probably a little skill).

When one becomes rich because of one IPO that went right - ok, let's say it's luck. When one creates several successful businesses in a row - no, sorry, I can't say "it's just dumb luck" anymore, it's more realistic to assume there's something else involved.
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