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Coinbase cuts staff by a further 20%

coinbase.com

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Re: Coinbase cuts staff by a further 20%

#151

Post by robin_reala »

AYBABTME wrote: post #100
robin_reala wrote: post #54

Earlier quoted context omitted.

Not that I particularly liked GP’s comment, but this I take issue with. You’ve always got a choice to not join a company, and you’ve got a choice to start your career deciding not to work in particular areas. I’ve always been clear with myself that I’d never work in defence for example.

Candidly, how do you review this prior of yours against the realities brought forward by the war in Ukraine?

The same as I did with the realities of Afghanistan, or Iraq, or Syria, or any of the other wars that have happened since I’ve been professionally developing software. War is a reality, but it’s also something I can choose to not engage in. It’s down to you to pick the things you feel are important to you, and if that’s (for example) gambling instead of defence then you do you.

Re: Coinbase cuts staff by a further 20%

#152

Post by robin_reala »

jesuscript wrote: post #92
robin_reala wrote: post #54

Earlier quoted context omitted.

Not that I particularly liked GP’s comment, but this I take issue with. You’ve always got a choice to not join a company, and you’ve got a choice to start your career deciding not to work in particular areas. I’ve always been clear with myself that I’d never work in defence for example.

You have a choice if you have a choice. Choice is a luxury.

It’s not like you’re in leg irons chained to your desk and being whipped unless working code appears. I disagree with your blanket statement.

Re: Coinbase cuts staff by a further 20%

#153

Post by code_runner »

consumer451 wrote: post #102
pifm_guy wrote: post #93

Earlier quoted context omitted.

Coinbase has 4700 employees!?! Like a team of 5 software engineers, and a customer support team of 10, and 1 boss ought to cover it...

Does that cover legal/regulatory/compliance?

Obviously crypto companies can get by without any real regulatory considerations for a while…

Re: Coinbase cuts staff by a further 20%

#155

Post by acdha »

iLoveOncall wrote: post #66
jesuscript wrote: post #8

They literally had people with 1-2 years of experience conducting interviews last I remember. They were on an unhinged hiring spree before they ipo’d, so this was coming no matter what.

> They literally had people with 1-2 years of experience conducting interviews last I remember. What's the problem with that?

That little experience makes it hard to judge applicant quality well and means they probably aren’t answering questions accurately. It’s a dead tell of a company which has a shortage of experienced staff and is growing too quickly — very strongly reminiscent of the dotcom bubble where people had the same “number go up!” mentality & some would openly say they were just looking busy until the IPO.

Re: Coinbase cuts staff by a further 20%

#156

Post by totetsu »

SilverBirch wrote: post #87

Coinbase is a weird company, because it's got such an obvious comparable: CME Group. CME Group has about 3500 employees, did 1.2bn in revenue last quarter with 680m net income. Then you have coinbase now trimmming to about the same number 3500, 590m revenue and a net income loss of 550m. That's right, as far as I can see, Coinbase loses $1 for every $1 of revenue. Firstly, I don't see how Coinbase needs as many peopl…

If any startups want to put me on payroll just to increase their headcount for the purpose of raising more funding I'll happily take the money.

Re: Coinbase cuts staff by a further 20%

#158

Post by jesuscript »

robin_reala wrote: post #152
jesuscript wrote: post #92

Earlier quoted context omitted.

You have a choice if you have a choice. Choice is a luxury.

It’s not like you’re in leg irons chained to your desk and being whipped unless working code appears. I disagree with your blanket statement.

Then you don’t live in the real world. I’m not turning down a job in an industry that’s just as silly as any other and provides me a livelihood that gets ever harder.

Re: Coinbase cuts staff by a further 20%

#159

Post by rwmj »

Traubenfuchs wrote: post #68
rwmj wrote: post #29

Earlier quoted context omitted.

I'm sure there's good money in boiler room scams, but that would be a pretty big red flag on a CV.

I have written boiler room scam callcenter software in direct violation of a law that doesn't allow for fanned out autodialing and autohangup to minimize agent downtime. So what?

So you'd be an immediate no hire because I wouldn't want to have someone with clear lack of ethics - literally stealing people's life savings - working for me.

Re: Coinbase cuts staff by a further 20%

#160

Post by nfRfqX5n »

pifm_guy wrote: post #93
shawabawa3 wrote: post #2

Sorry 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)

Coinbase has 4700 employees!?! Like a team of 5 software engineers, and a customer support team of 10, and 1 boss ought to cover it...

they run an exchange that is open 24/7. 5 engineers couldn't even handle the operational load.
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