[flagged]
> therefore not smart enough to do well in a big boy company.
You should put that in your job listings to allow people to avoid even sending a resume to you
Coinbase cuts staff by a further 20%
41–50 of 533 posts
Re: Coinbase cuts staff by a further 20%
#42First 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
Bonk happened within a week so you might say that rug pulls have at least gotten more efficient...
Re: Coinbase cuts staff by a further 20%
#43[flagged]
Let me know your company name so that I know never to apply.
Re: Coinbase cuts staff by a further 20%
#44>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.
Yep. Also, Coinbase sells unregistered securities.
Thank you Gary.
Re: Coinbase cuts staff by a further 20%
#45Sorry a slight error in the title. Operating costs reduced by 25%, but it's actually roughly a 20% reduction in workforce (950 employees out of ~4700)
You should be able to edit the title if you do it soon.
Re: Coinbase cuts staff by a further 20%
#46I lost a little bit of money investing in crypto on Coinbase (I put about £500 in which shrank to £200 - over the course of past 2 years and for past year I mostly have just had money in sterling - the market looked terrible)
I finally decided yesterday to cash out of coinbase yesterday - they charged me £3 to withdraw my money!!
In the scheme of things I didn't lose that much money - not really. But personally I can't see myself getting back in when Bitcoin goes below 10,000 dollars (which I believe it will in 2023). I think Coinbase share price is heading to junk status. No wonder the employees were selling all their shares when it went public!
Re: Coinbase cuts staff by a further 20%
#47[flagged]
I hate crypto as much as the next guy, but that's nonsense, sorry. You are filtering out possibly good people. There are still, even now in 2023, so much jobs that are crypto-related, and people still need something to eat. If you are a Rust developer, you pretty much need to do blockchain stuff, as most of the Rust jobs are related to that. And so on.
> If you are a Rust developer, you pretty much need to do blockchain stuff, as most of the Rust jobs are related to that. And so on.
I'm not a Rust developer, but I must admit I'm kinda surprised by this statement. Let me do my own research.
Re: Coinbase cuts staff by a further 20%
#48[flagged]
Well when I lived in a Third World country with no access to international payment methods, Bitcoin was the only way I could pay for books and servers. So yeah, I am sorry my struggle to learn and better myself as an engineer was through something you deem stupid.
Re: Coinbase cuts staff by a further 20%
#49[flagged]
sounds like early christians in Roman empire. They were outsiders in the society.
Re: Coinbase cuts staff by a further 20%
#50>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.
I don't get why every CEO is cargo culting this line in layoff announcements. It plays extremely poorly because it's clear there's no accountability.