hnmods produce amazing community that definitly isnt shit hole
we just do things differnetly here
upper crust of socialm mediaz
Coinbase cuts staff by a further 20%
71–80 of 533 posts
Re: Coinbase cuts staff by a further 20%
#72[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.
Well put. There’s the adage that says don’t judge people as you have literally no idea what they might be going through. In this case you have no idea why they did a stint in crypto. Now, if during an interview it’s clear that someone has a strong ideological connection to crypto (or anything really), and you want to foster more of a “make it work“ engineering culture, then by all means don’t offer the position. Excluding people based on whims like this will not set your company up for success.
Re: Coinbase cuts staff by a further 20%
#73Re: Coinbase cuts staff by a further 20%
#74[dead]
Re: Coinbase cuts staff by a further 20%
#75Earlier quoted context omitted.
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.
Generally speaking, if the current pilot has ran your plane into a mountain twice, you probably want a new pilot.
Re: Coinbase cuts staff by a further 20%
#76While 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.
There’s a mention of 950 employees in TFA.
Re: Coinbase cuts staff by a further 20%
#77Earlier quoted context omitted.
They don't see the difference in mechanisms. Getting rich through pump and dump vs getting rich through making or doing something people find valuable.
I think we're past believing that our top .1% is bringing value that's worth billions of times more than the rest of the population. They're all hoarding wealth and offloading risk on others, it's just that in comparison, the crypto-rich are not (yet?) a social class with an army of lobbyists on its payroll.
> I think we're past believing that our top .1% is bringing value that's worth billions of times more than the rest of the population.
Fortunately, we do not have to rely on our beliefs here, we have an objective measure, which we call "money".
If someone starts a company in their garage, and a decade later that company is worth few billions of dollars then that's the value this person brought to society - because people willingly paid them those billions of dollars for their product/service.
Of course the whole logic breaks down with purely speculative financial assets such as crypto.
Re: Coinbase cuts staff by a further 20%
#78The stock jumped 15% yesterday before this was public information. Coincidence? I think not.
a lot of tech stocks jumped yesterday, and crypto stocks are extremely volatile.
Re: Coinbase cuts staff by a further 20%
#79[flagged]
That seems needlessly ideological. If the engineer can do what you want of them what does it matter what their employment history is?
To a degree yes it does, since they will almost certainly have to work in a team with other people.
Being involved in crypto related things is a huge red flag that the person is most likely deeply immoral, greedy and opportunistic, which are traits that will most likely make the person hard to work with for the other team members.
I think throwing them out entirely might be a bit extreme, but stamping them with a big fat red-flag and moving them to the bottom of the pile seems totally reasonable to me.
Re: Coinbase cuts staff by a further 20%
#80[flagged]
Lol, some of the most skeptical people about crypto work in the space.
The comp and bennies tend to be extremely good, and the technical challenges are fascinating enough to make the work engaging.