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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%

#481

Post by Ar-Curunir »

andriy_koval wrote: post #409
ghaff wrote: post #394

Earlier quoted context omitted.

I'm not sure the professional sports analogies carry over very well. With very rare exceptions, professional athletes are just not as good athletically at 40/50 as they were at 20. They may be smarter in some ways--which maybe means they'd be better as coaches. I'm not sure this carries over well to engineering unless you mean that the young people are willing to grind for a lot more hours on nights and weekends.

> With very rare exceptions, professional athletes are just not as good athletically at 40/50 as they were at 20. They may be smarter in some ways--which maybe means they'd be better as coaches. not sure if focus should be on athletic sports. Chess is better analogy to software I think.

Armstrong did not mean chess players.

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

#482

Post by [deleted] »

senordevnyc wrote: post #336
cheema33 wrote: post #324

Earlier quoted context omitted.

> I fail to see how this is specific to a crypto company. It is not specific to a crypto company. But the element of it being a crypto company cannot be ignored. Crypto companies are not like ordinary businesses. They have very unique qualities to them. Same with crypto industry as a whole. Ever been to a crypto conference for example? I have read about and have seen the videos. These things have the highest concentr…

Ever been to a crypto conference for example? I have read about and have seen the videos. Actually, it sounds like you’re the one who hasn’t been to a crypto conference :)

[deleted]

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

#483

Post by henry2023 »

rbjorklin wrote: post #302

> We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. What happens when this person inevitably leaves and they have no one who knows even a little bit about the process or tools used?

This is the holy-grail in TradFI, not sure if it applies to fintech. It's not uncommon to hear from people who own an internal process only they know that's essentially their whole job security.

The extreme being people that produce only one report a month and that more than justifies their income + bonus.

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

#484

Post by skeptic_ai »

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…

But right now you also do the job of 10s compared to x years ago.

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

#485

Post by vkou »

adonese wrote: post #468
827a wrote: post #334

Earlier quoted context omitted.

You have to look past literally everything their leadership is saying and at the heart of the matter: This is a dying company, and they physically will not have the capital to pay paychecks if they don't do this. Everything else is window dressing to try to keep investors on-board, but they aren't buying it, and neither should you. The crypto market winter that started in Q4 last year led to Coinbase's ~worst quarter…

what is happening to crypto that is causing this? I was thinking with the recent conflicts crypto would thrive, if anything.

Idiots who were getting fleeced by shitcoin pump and dumps are now getting fleeced by insiders betting on heads of state being assassinated.

That's the problem with building your castle on a quicksand whose fundamentals aren't in the same order of magnitude as the market cap you command. When all you truly offer is gambling, eventually a shinier casino will open up and eat your lunch.

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

#486

Post by skeptic_ai »

MeetingsBrowser wrote: post #395
adamtaylor_13 wrote: post #374

Earlier quoted context omitted.

I am an engineer. I hire other engineers. I run a company that ships usable software for small businesses. We do this every day. I'm sorry to say, we are indeed shipping in days what used to take weeks.

As a software engineer who also hires other software engineers, I’m curious about the disconnect in our experiences. I do systems programming. Before AI feature development roughly went like, design, implement, test, review with some back edges and a lot of time spent in test and review. AI has made the implementation part much faster, at the cost of even more time spent testing and reviewing, though still an improve…

I never touched kubernetes and in 1 week I have a few nodes running and i understand a lot of it. Not perfect but not bad.

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

#487

Post by tdeck »

viking123 wrote: post #449
827a wrote: post #334

Earlier quoted context omitted.

You have to look past literally everything their leadership is saying and at the heart of the matter: This is a dying company, and they physically will not have the capital to pay paychecks if they don't do this. Everything else is window dressing to try to keep investors on-board, but they aren't buying it, and neither should you. The crypto market winter that started in Q4 last year led to Coinbase's ~worst quarter…

The thing is that the former crypto gamblers have moved on to gamble in the prediction markets like Polymarket now. Not sure if COIN is coming back from this.

Now that I think of it, the last decade has just been wave after wave of techwashing the same old gambling. First it was sports betting, then cryptocurrency, then NFTs, then "prediction markets".

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

#488

Post by dchftcs »

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…

A major problem with player-coach is that it makes the manager compete with the IC. If we solve that it'd be more workable, if not it'd erode teams from the inside.

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

#489

Post by mvkel »

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…

> that they're now doing the job of 5(!) people with the same salary.

The Marxist view of everything valuable being a product of a person's labor is tired and debunked.

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

#490

Post by seviu »

adonese wrote: post #468
827a wrote: post #334

Earlier quoted context omitted.

You have to look past literally everything their leadership is saying and at the heart of the matter: This is a dying company, and they physically will not have the capital to pay paychecks if they don't do this. Everything else is window dressing to try to keep investors on-board, but they aren't buying it, and neither should you. The crypto market winter that started in Q4 last year led to Coinbase's ~worst quarter…

what is happening to crypto that is causing this? I was thinking with the recent conflicts crypto would thrive, if anything.

Previous cycles were fueled by retail, with an industry trying to legitimize itself.

This cycle is about max extraction and fraud - Legitimized by the presidential family cashing out billions in meme coins, insider trading and forks of existing protocols.

Hacks have also been hitting hard. North Korea has stolen 500m this year alone and 2b last year.

So… no thriving. On the opposite. Dying is a more appropriate word at this time. Some would call this an opportunity. I see more pain ahead.

No wonder Coinbase is laying off people with the excuse of AI. The reality is that volume is zero. At this stage only me and a bunch of other retail weirdos keep on buying bitcoin paycheck by paycheck…

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