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Coinbase Lays Off 950 Staff, Cuts Operational Costs by 25%

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Re: Coinbase Lays Off 950 Staff, Cuts Operational Costs by 25%

#11
post #4

Coinbase seems to have an extraordinary number of managers for the number of engineers who are actually shipping code. I think there are situations where directors were managing 3-5 ICs while taking home near 7 figure total comp. This layoff corrects some of the issue, but is likely still not aggressive enough (at least for the management stack) for the market we're in. Much of the staff hired through the last two ye…

I can’t imagine having much of anything to do if your job is “management” and you have 3 to 5 ICs….

Incident Command (NIMS) best practice is that someone's effective span of control is 3 to 7 people, with 5 being optimal. Beyond that, you lose the ability to easily keep track of people's status.

Re: Coinbase Lays Off 950 Staff, Cuts Operational Costs by 25%

#12

Coinbase seems to have an extraordinary number of managers for the number of engineers who are actually shipping code. I think there are situations where directors were managing 3-5 ICs while taking home near 7 figure total comp. This layoff corrects some of the issue, but is likely still not aggressive enough (at least for the management stack) for the market we're in. Much of the staff hired through the last two ye…

The amount of bloat they acquired over the pandemic is pretty insane. I was interviewing for a position at coinbase in 2021 and man, it was the worst interview process I have ever gone through. All technical interviews seemed to be extremely specific around knowledge for tools outside of what I was interviewing for. (Senior/Staff level IAM) I am not sure why an IAM engineer needs to be asked tons of questions about s…

What's an IAM engineer? Someone that configures AWS IAM policies?

Re: Coinbase Lays Off 950 Staff, Cuts Operational Costs by 25%

#13
post #4

Earlier quoted context omitted.

I can’t imagine having much of anything to do if your job is “management” and you have 3 to 5 ICs….

Incident Command (NIMS) best practice is that someone's effective span of control is 3 to 7 people, with 5 being optimal. Beyond that, you lose the ability to easily keep track of people's status.

What qualifies as “track of people’s status”? What they’re doing at any one moment?

Re: Coinbase Lays Off 950 Staff, Cuts Operational Costs by 25%

#14
post #12

Earlier quoted context omitted.

The amount of bloat they acquired over the pandemic is pretty insane. I was interviewing for a position at coinbase in 2021 and man, it was the worst interview process I have ever gone through. All technical interviews seemed to be extremely specific around knowledge for tools outside of what I was interviewing for. (Senior/Staff level IAM) I am not sure why an IAM engineer needs to be asked tons of questions about s…

What's an IAM engineer? Someone that configures AWS IAM policies?

I'm pretty sure it is stands for Identity and Access Management but could be totally incorrect.

Re: Coinbase Lays Off 950 Staff, Cuts Operational Costs by 25%

#15

Coinbase seems to have an extraordinary number of managers for the number of engineers who are actually shipping code. I think there are situations where directors were managing 3-5 ICs while taking home near 7 figure total comp. This layoff corrects some of the issue, but is likely still not aggressive enough (at least for the management stack) for the market we're in. Much of the staff hired through the last two ye…

The amount of bloat they acquired over the pandemic is pretty insane. I was interviewing for a position at coinbase in 2021 and man, it was the worst interview process I have ever gone through. All technical interviews seemed to be extremely specific around knowledge for tools outside of what I was interviewing for. (Senior/Staff level IAM) I am not sure why an IAM engineer needs to be asked tons of questions about s…

COVID + biggest crypto bubble (so far). I can’t imagine what a sustainable level for them is. For what it’s worth I found their site totally usable if high on the fees but I’ve lost all interest in the fools game of crypto

Re: Coinbase Lays Off 950 Staff, Cuts Operational Costs by 25%

#16
post #12

Earlier quoted context omitted.

The amount of bloat they acquired over the pandemic is pretty insane. I was interviewing for a position at coinbase in 2021 and man, it was the worst interview process I have ever gone through. All technical interviews seemed to be extremely specific around knowledge for tools outside of what I was interviewing for. (Senior/Staff level IAM) I am not sure why an IAM engineer needs to be asked tons of questions about s…

What's an IAM engineer? Someone that configures AWS IAM policies?

Not specifically AWS, but the entire space of identity and authorization, including organization of permissioning of groups within platform apps and corporate apps.
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