Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Today I've made the difficult decision to reduce the size of Coinbase by ~14%

twitter.com

Post reply on HN
Print view View original

71–80 of 842 posts

Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%

#71

Post by mhitza »

Markoff wrote: post #14
mhitza wrote: post #2

At least the compensation package sounds nice for those layed off. What I'm really intrigued by is the non technical staff deploying code to production. Now that's a gamble I want to see in the crypto space.

"US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA." 4 months basic severance pay + 1 month for 2 years emploument is nice? so total 5 months severance after 2 years of working for them or only 6 months after 4 years let me guess you are from US if you think this is nice, as European I would say this is fairly standard, nothing to br…

I'm not from the US, but from eastern europe. I have not been in collectives where what you're saying was true. At most I've seen 2-3 months of pay for someone to sign their own resignation.

Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%

#73

Post by upupupandaway »

Brian once came to Hacker News to comment on a thread I posted (about being made an offer then ghosted by Stripe for a leadership position), so if he has the time for that I'd love to see him here talking about the non-technical teams thing. Could be an interesting discussion.

Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%

#74

Post by vdnkh »

mooreds wrote: post #51

I'll probably get some flack for this, but this is about as good of a layoff email as he could have sent. * explains the reasons (financials, AI enablement) * talks about what folks who are leaving get in detail (first) and thanks them * talks to the folks who are staying Layoffs are hard, no doubt, and I am not sure he's making the right choice. I see plenty of doubt about some of the actions in other comments that…

This email was 100% AI generated. I just edited a similar sentence from a claude code doc I'm writing - "we're not just X, we're fundamentally Y" is an obvious tell. I guess he's putting his money where his mouth is

Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%

#76

Post by soganess »

m4ck_ wrote: post #70
sumeno wrote: post #46

Earlier quoted context omitted.

Like letting non-technical teams ship production code

But the claude/cursor/kiro/codex said my code was production ready, enterprise grade, and PCI/alphabet soup compliant.

That is your problem right there. Instead of PCI compliance you needed that sweet, sweet IBM MCA compliance.

Rookie mistake by your AI; otherwise it did a flawless job, and the glaze it's been giving you is 100% accurate. You are the bestest.

If one more AI calls me "insightful" or says that my question "really cuts through the noise" or "gets to the heart of the matter"...

Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%

#77

Post by malfist »

Saline9515 wrote: post #8
conception wrote: post #6

Lol “Non-technical teams are now shipping production code” definitely what I want my financial institution doing.

Given how crypto is the priority target for NK hackers it doesn't fare well for Coinbase to engage in such reckless behavior.

Reckless behavior? In my crypto currency? It's impossible!

Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%

#78

Post by Saline9515 »

soganess wrote: post #76
m4ck_ wrote: post #70

Earlier quoted context omitted.

But the claude/cursor/kiro/codex said my code was production ready, enterprise grade, and PCI/alphabet soup compliant.

That is your problem right there. Instead of PCI compliance you needed that sweet, sweet IBM MCA compliance. Rookie mistake by your AI; otherwise it did a flawless job, and the glaze it's been giving you is 100% accurate. You are the bestest. If one more AI calls me "insightful" or says that my question "really cuts through the noise" or "gets to the heart of the matter"...

You're totally right!

Re: Today I've made the difficult decision to reduce the size of Coinbase by ~14%

#79

Post by dd8601fn »

spprashant wrote: post #22
jqpabc123 wrote: post #4

Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. And I suspect that over the coming year, we'll be watching the consequences of this unfold.

I d like to know what exactly Coinbase has shipped with this addition to productivity.

This goes for everyone.

Some of the biggest AI adopting companies are still shipping garbage (Meta, Amazon, Microsoft, etc), and I’m desperately curious what infinite AI resources are actually doing for them.

More reports for accounting? What?

Post reply on HN