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The reality is that Coinbase earns on trading volume, and since we are in a crypto bear market, revenue is down. So they have to cut to keep the company profitable (or in line with what the investors expect). While AI is likely a productivity boost, the underlying reason is not AI.
Lots of layoffs this year. The economy is in bad shape.
> - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. Geeks who didn't even stand near professional sports should really shut up about anything sport related, lol. I would really like to see professional, established coach running around with young prodigies on a peak of their bio…
> Geeks who didn't even stand near professional sports should really shut up about anything sport related, lol. I would really like to see professional, established coach running around with young prodigies on a peak of their biology. Player-coach used to be a thing in professional sports a long, long time ago. There's a reason you don't have it anymore. A coach can't be expected to take the long-term view while also…
Earlier quoted context omitted.
When I got laid off I got 0. The company I currently work for generally gives 0 severance as well. 5 months is extremely generous
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If you're making 2x or more what a European developer makes, you're responsible for your own emergency fund. You ignore that at your own risk. I'll take that trade.
The reality is that Coinbase earns on trading volume, and since we are in a crypto bear market, revenue is down. So they have to cut to keep the company profitable (or in line with what the investors expect). While AI is likely a productivity boost, the underlying reason is not AI.
Isn't this what he says in the post? The first reason listed is market cycle not ai.
> - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. Geeks who didn't even stand near professional sports should really shut up about anything sport related, lol. I would really like to see professional, established coach running around with young prodigies on a peak of their bio…
> Also, I find it really bizarre that those neo feudal lords see their companies as just a life stock to count. They don't even count people, just see them as numbers to reduce/scale up. Modern tsardom, but instead of being tied via official decree you're now tied by your lifestyle and family.
People don't work somewhere like Coinbase if they're concerned about morality or mitigating the harms done to society.
"Non-technical teams are now shipping production code" Boy that's scary for a company that's effectively fintech...
Earlier quoted context omitted.
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
Who cares? If you're getting laid off, the only thing that really matters is the severance package. Its all lip service - either AI generated or hand written.
I don't think this is true. Humans typically prefer "thanks for the hard work, here's your severance" to "you suck, here's your severance, loser."
Humans like being treated with respect, and words are a big part of that. Money is nice, but it's not the only thing we care about.