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A follow up to Coinbase being a mission focused company

blog.coinbase.com

21–30 of 774 posts

Re: A follow up to Coinbase being a mission focused company

#21
post #15

I don't think it can be understated how much saying 'no politics' is a political statement. Supporting the status quo is a political statement. And supporting the status quo in this political climate is a strange hill to plant your flag on.

Is it necessarily?

Social media has amplified polarization.

Is it really the case that everyone must support one or other of the poles?

Re: A follow up to Coinbase being a mission focused company

#22
post #15

I don't think it can be understated how much saying 'no politics' is a political statement. Supporting the status quo is a political statement. And supporting the status quo in this political climate is a strange hill to plant your flag on.

My cynical take on this is Coinbase is preparing for Democrats to take control of the US gov't in a few months and sees Republicans suddenly becoming very concerned about gov't / central bank failures and buying cryptocurrency as a hedge. Don't want to be seen a leftist company when your user growth will come from the right.

Re: A follow up to Coinbase being a mission focused company

#23

One thought: If you see a resume with Coinbase until October 2020, that's probably someone who prefers political activism in the workplace. That might be seen in a positive or negative light, depending on your stance. I personally am afraid to associate myself too publicly with a political stance, lest I be wrong and/or the environment changes.

Alternatively, if you see a resume with Coinbase through 2020-2021, that person probably prefers the opposite, which may also be seen in a positive or negative light, depending on your stance.

Re: A follow up to Coinbase being a mission focused company

#26
post #14

Earlier quoted context omitted.

That employee is distanced enough from the idea that people would genuinely want to leave that I kinda laugh when I read their quote. COBRA alone would eat up most of the severance. Either people managed to get through a _whole interview process_ in a week, or they're fine with the idea of being jobless during the worst economy in 12 years, or they price the benefit of not being there fairly high. Which then leads us…

Software seems to be doing okay, jobs-wise. The number of recruiters showing up in my inbox hasn't changed. I think health insurance is included in the severance.

It isn't, the generosity is allowing you to pick up COBRA

Re: A follow up to Coinbase being a mission focused company

#27

> “I’m worried that the severance package was too good” Yeah... I'm genuinely curious how many people actually quit over the "apolitical" stance, vs employees that were just unhappy with the job in general and took this convenient opportunity to leave with a pretty sweet deal.

That employee is distanced enough from the idea that people would genuinely want to leave that I kinda laugh when I read their quote. COBRA alone would eat up most of the severance. Either people managed to get through a _whole interview process_ in a week, or they're fine with the idea of being jobless during the worst economy in 12 years, or they price the benefit of not being there fairly high. Which then leads us…

Healthcare was also part of the severance package, and the market for software engineers in the Bay Area remains strong.

Re: A follow up to Coinbase being a mission focused company

#28

One thought: If you see a resume with Coinbase until October 2020, that's probably someone who prefers political activism in the workplace. That might be seen in a positive or negative light, depending on your stance. I personally am afraid to associate myself too publicly with a political stance, lest I be wrong and/or the environment changes.

I would not go further than associating an October exit date as someone who took a buyout, and anyone with an exit date in the first half of 2021 as a sucker.

Re: A follow up to Coinbase being a mission focused company

#29

Earlier quoted context omitted.

That employee is distanced enough from the idea that people would genuinely want to leave that I kinda laugh when I read their quote. COBRA alone would eat up most of the severance. Either people managed to get through a _whole interview process_ in a week, or they're fine with the idea of being jobless during the worst economy in 12 years, or they price the benefit of not being there fairly high. Which then leads us…

> COBRA alone would eat up most of the severance. A single software engineer paying for full price for high premium plan on COBRA would be spending around $400[1], over the whole 18 months of doing that it would be $7,200 which would be less than one month's paycheck on a $160,000 salary. A cursory look at h1bdata.info shows that Coinbase pays plenty of H1B's that much, on the low side. Your view is a little exaggera…

> A software engineer paying for full price for high premium plan on COBRA would be spending around $400

Last time I continued health insurance via COBRA, I paid nearly $2k a month in premiums alone.

Re: A follow up to Coinbase being a mission focused company

#30
post #15

I don't think it can be understated how much saying 'no politics' is a political statement. Supporting the status quo is a political statement. And supporting the status quo in this political climate is a strange hill to plant your flag on.

Not using your business as a political platform is not the same as supporting the status quo. The "if you're not with us, you're against us" stance is definitely polarizing and is not making things better.
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