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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%

#491

Post by autaut »

tdeck wrote: post #487
viking123 wrote: post #449

Earlier quoted context omitted.

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".

In the 70 and 80s ppl kept their lifestyle by having their spouse starting to work. In the 90s and 2000s it was with credit cards. In the 2010s it was apps offering artificially deflated prices to corner markets. And now it’s gambling and buying burritos w Klara.

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

#492

Post by mvkel »

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…

Ironically, if they adopted a Wall St boiler room culture instead of masquerading as an innovative tech company they'd probably be doing a lot better.

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

#493

Post by delis-thumbs-7e »

cloche wrote: post #87
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…

> 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…

It’s funny when bunch of nerds try to mask the fact they have know idea what they’re doing by some lame allegory to sports, military, or some other discipline supposedly more manly and rugger than girly (yugh) math, logic and programming.

“We at the coding company LovelyBeeBunny should be like the samurai’s of the old, willing to pull our swords to die for emperor…” etc. And it is always riddled with complete misunderstanding of the analogous subject, whether sports, history, or warfare.

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

#494

Post by delis-thumbs-7e »

Auracle wrote: post #346
hocuspocus wrote: post #177

Earlier quoted context omitted.

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.

Eh. Presumably there’s a ton more trading when the market is hot (and a somewhat lesser extent, when in a bi bear market).

Bi bears are not hot? I beg to disagree!

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

#496

Post by moomoo11 »

triceratops wrote: post #427
moomoo11 wrote: post #119

Earlier quoted context omitted.

what's the point of having 5 people doing 1 person's job though? sounds stupid to me

No problem if you split the gains 50-50. 2.5x raise for the one person.

Why though? That’s wasteful. If I could run my business more efficiently for the same spend that’s great.

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

#497

Post by moomoo11 »

harimau777 wrote: post #400
moomoo11 wrote: post #119

Earlier quoted context omitted.

what's the point of having 5 people doing 1 person's job though? sounds stupid to me

The profit from the employee reduction goes to the capitalists not to labor. So it is in the best interest of workers to resist reductions in the number of workers.

They can start their own companies though.

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

#498

Post by JV00 »

lkbm wrote: post #150
turtlebits wrote: post #118

Earlier quoted context omitted.

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.

> If you're getting laid off, the only thing that really matters is the severance package. 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.

Words are fake, money is real.

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

#499

Post by spike021 »

nvader wrote: post #290
lokar wrote: post #259

Earlier quoted context omitted.

But now with LLM agents to help you…

I've seen more than one pitch for knowledge products for "AI-enhanced managers", which are basically prompt templates that enable you to slop your way through 1:1s, ceremonies and reviews.

Not only for those but being able to nitpick jira tickets or github PRs.
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