While 20% is a lot - how far back does this bring the headcount? A lot of these companies have what seem to be large reductions in staff but are more of a correction of insane hiring sprees.
Coinbase cuts staff by a further 20%
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Re: Coinbase cuts staff by a further 20%
#22[flagged]
What if they just wanted to earn good money or do not care in what area they work in? I hate crypto, because my motto is "all crypto is a scam, always", but given the chance to earn a lot of money with it, I wouldn't mind.
Are you one of those CEOs that needs sycophant applicants that pretend working at your company on your product is their biggest dream?
Re: Coinbase cuts staff by a further 20%
#23[flagged]
Depending on what sort of crypto projects they worked on, you might be missing on amazing Golang devs experienced in building large, distributed systems. Remember: sometimes the programming language you love is used in a certain type of industry.
Re: Coinbase cuts staff by a further 20%
#24[flagged]
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Re: Coinbase cuts staff by a further 20%
#25[flagged]
It works both ways - a CEO throwing out resumes with prejudice means the candidate doesn't have to suffer a prejudiced CEO, "big boy company" already says a lot about the culture you're trying to foster.
Re: Coinbase cuts staff by a further 20%
#26First I was thinking, "hey maybe the recent downturn in crypto will weed out the most obvious nonsense" But now I see #1 story on Coindesk "Shiba Inu-Themed BONK Tokens Are Yielding Nearly 1,000%" So I guess we are not there yet
If anything the downturn will create even more nonsense, as people try to keep the money flowing in. If you think of crypto writ large as a sort of accidental self-organising distributed Ponzi scheme (which isn't unreasonable), then this is exactly what you'd expect; traditionally towards the end they get weirder and weirder, as people need money coming in by whatever means.
Re: Coinbase cuts staff by a further 20%
#27[flagged]
A somewhat flawed filtering method, since engineers don't have to belive in the technology that they are working on.
But I totally understand your point of view as well.
Re: Coinbase cuts staff by a further 20%
#28>accountability rests with me as the CEO There it is. Rings incredibly hollow when the same line was trotted out just a few months ago with zero impact or meaning behind the statement, given it clearly didn't change anything.
Unless he resigns along with the people he lets go, there is no accountability.
Would that really be desirable for the 80% who remain?
More than likely, any career CEO who would be brought in to replace him would likely continue staffing cuts, not reverse them.
Re: Coinbase cuts staff by a further 20%
#29[flagged]
What if they just wanted to earn good money or do not care in what area they work in? I hate crypto, because my motto is "all crypto is a scam, always", but given the chance to earn a lot of money with it, I wouldn't mind. Are you one of those CEOs that needs sycophant applicants that pretend working at your company on your product is their biggest dream?
I'm sure there's good money in boiler room scams, but that would be a pretty big red flag on a CV.
Re: Coinbase cuts staff by a further 20%
#30[flagged]
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