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

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

#171

Post by goodmythical »

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…

"If you've worked for us for 24 months and we fire you, we'll pay you for 29 months and give you your next equity and pay for your insurance for 6 months" and "if we fire you we'll pay you an extra ~21% (plus your next equity and another month of insurance too) of whatever you earned" does indeed sound quite nice considering that a vast majority people who are terminated get nothing or next to nothing.

It'd be looking a gift horse in the mouth to whine about "well they get 22+% at XYZ"

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

#172

Post by alexandre_m »

blizdiddy wrote: post #96
alexandre_m wrote: post #94

Earlier quoted context omitted.

Your sentiment should be redirected to the leadership team and execs, not the engineers themselves.

Nah, they are adults. Labor should make way more decisions, but they knew what they were doing and for who.

That's ridiculous. You're making it sound like they were working for Nazi Germany.

Have some empathy for people losing their jobs because of upper management’s incompetence.

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

#173

Post by projektfu »

ejpir wrote: post #151
VirusNewbie wrote: post #134

Coinbase famously rescinded offers days before people joined when they did a previously huge layoff. That's absolutely diabolical and I sometimes fantasize about accepting a job there and just ghosting them.

Isnt that the most fair thing for them to do?

It's better to do a hiring freeze before the RIF. Otherwise people have left jobs to come work for you and are now stranded.

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

#176

Post by _boffin_ »

fourseventy wrote: post #135
saos wrote: post #15

> Non-technical teams are now shipping production code and many of our workflows are being automated. T Is Brian here? Can he speak more to this? What exactly are non technicals shipping to production code? I've got no position in Coinbase but is that a wise thing to say as a public company? I'd be alarmed if I were a share holder

My company is doing this too. Our marketing team can use cursor web agents to make coding changes to the marketing website/blog/landing pages. The agents make the code change and make PRs in github where our tech team reviews it before merging. The marketing team is almost entirely non-technical.

How’s this actually going? I’m sure there are issues, but is it actually fruitful?

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

#177

Post by hocuspocus »

JeremyNT wrote: post #148
wiseowise wrote: post #41

> - 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…

Let's be honest, this is a crypto exchange. "Line go up" is the only philosophy these people adhere to. > 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 som…

Even better, as an exchange, they don't even necessarily care whether the line goes up, down, sideways, or in fucking circles to quote the Wolf of Wall Street. As long as it goes somewhere, and customers are charged fees.

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

#178

Post by abuani »

ericmcer wrote: post #160
fourseventy wrote: post #135

Earlier quoted context omitted.

My company is doing this too. Our marketing team can use cursor web agents to make coding changes to the marketing website/blog/landing pages. The agents make the code change and make PRs in github where our tech team reviews it before merging. The marketing team is almost entirely non-technical.

Marketing team can vibe out PRs that engineers have to review and then shepherd out to production? Sounds tight I love the direction industry is heading lol.

I'm looking forward to marketing folks doing oncall and support work for the features they're shipping.

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

#179

Post by projektfu »

coldpie wrote: post #58
b00mer wrote: post #49

Earlier quoted context omitted.

There's a law for that. If Coinbase did not require an external bank account to create the coinbase account, by law, they cannot require one to close the account. At least, that is what I have been led to believe. You could sue.

I have to admit I'm always baffled by these "you could sue over this trivial matter" replies. Do you think lawsuits cost no time or money? Obviously I'm not going to do that.

You could at least write a letter.

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

#180

Post by ryanisnan »

wiseowise wrote: post #41

> - 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…

> I would really like to see professional, established coach running around with young prodigies on a peak of their biology.

This is a really strange nit. You are aware it's an analogy about skill and role. To reduce this to being about biology and the impacts of senescence on ability is weird, and doesn't really apply here.

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