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Coinbase employees petition to remove execs

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Re: Coinbase employees petition to remove execs

#241
post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

I've been in situations like this before. The end result is one giant popularity contest, with the beautiful people clique getting the highest ratings, and everyone else getting varying degrees of shit based on how unpopular they are and how much intrigue is currently going on. They didn't even have to actively collude; humans come with very sensitive popularity meters built-in, so they instinctively know where to pl…

We had something like that at one of my jobs. The most senior engineers there were myself and the founder, and everyone else was either fresh out of college or fresh out of high school. The founder had to spend a lot of time on business stuff so most of the things that required a senior engineer were done by me.

Most of what we did was Windows and Mac utility software, usually difficult or tricky stuff that messed heavily with system internals. The way we wrote most of this is that I would write the drivers or file system hooks or other kernel code we needed, and would also write the user mode code to support that, but not write a GUI for it or an installer. My user mode support code would either be an application that would provide a local network interface that a GUI could talk to, or a DLL that could be used by a GUI. For development I'd included a simple terminal emulator that just provided a glass TTY in a window in which I'd have a command line interface so I could develop and test my stuff without needing a GUI.

The founder went on a metrics kick and decided that the way the quarterly profit sharing should work is that everyone would be given a list of all the employees, and would have to assign to each either 2 points, 1 point, or 0 points, indicating whether they thought that employee deserved twice the average amount of profit sharing, just the average amount, or no profit sharing. You had to assign 2 points to 1/4 or the employees, 1 point to 1/2 the employees, and 0 points to 1/4 of the employees.

The points for each employee would be totaled, and the 1/4 with the highest points would get double profit sharing, the 1/4 with the lowest points would get nothing, and the rest would get regular profit sharing. Furthermore, the people with the 8 highest point totals would be on a committee for the next quarter that would largely choose the direction of the company (with the founder being able to override them).

His expectation was that I would be the top vote getter every quarter. After all, every product we currently sold and every product in development was at its core my code.

What actually happened was that everyone in engineering gave me 2 points. Everyone outside engineering gave me 0 or 1. Take the people in testing. They dealt with alpha, beta, and release candidates. They almost never dealt with me. So to them the people doing all the work on the products were the junior engineers who wrote the GUIs and those were who got the 2 point votes. Same with support. If they interacted with an engineer most of the time it was one of the junior engineers because most of the issues were with the GUI. If the underlying problem was with my code support would probably still talk to the junior engineer who write the GUI, who would be the one to determine it was actually a lower level problem and bring it up with me.

Another person who scored low who clearly should have been in the top quarter was our head IT guy. In many ways he was even less visible than me to most employees. There were also some people in operations that were critical to our success and would be hard to replace--surely that means they deserved double shares if anyone did.

This was exactly what I told the founder was going to happen and he had to quickly scrap that system.

Re: Coinbase employees petition to remove execs

#242
post #182

Earlier quoted context omitted.

It comes from life experience. I once made the mistake of contradicting a powerful person at my company at a party, and it embarrassed him. Shortly thereafter, people who had been friendly with me became noticeably cooler. My peer reviews took a nosedive and I was let go in the next round of layoffs. That's how things work in the real world, but this kind of review system makes it MUCH easier to sabotage others when…

How would the dot system make it easier to hurt you? The dot system would probably *help" here, because a sudden drop in ratings right after the incident would merit an investigation.

Almost any feedback system can also be used a weapon.

Re: Coinbase employees petition to remove execs

#243

Earlier quoted context omitted.

I lived it. It sucked. Only the dumb ones got cancelled. The smart ones kept their heads down or got new jobs. The team was defined by mediocrity. Mediocrity in hiring, in execution, in quality. But oh were they ever so woke.

What kind of company was this? I do contracting and have worked a lot of places, big and small, but have never seen anything remotely like this. Perhaps it's a matter of perspective? Would you say e.g. James Damore was "cancelled", rather than being fired for discriminatory statements that an NLRB lawyer described as "so harmful, discriminatory, and disruptive as to be unprotected"?

[deleted]

Re: Coinbase employees petition to remove execs

#244
post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

You don't know the half of it: I worked on Dalio's HR system, and what is really "interesting" is how the dots are put together. First off: All dots are public. You know who is grading you well, who is grading you badly, and who is liked and disliked by each executive and manager you want. Imagine giving Ray Dalio a low score in Critical Thinking, one of the many categories. It's not going to be easy. The dots are al…

Isn't Bridgewater a very high performing organization? How has the company not completely collapsed at this point? Or is there a ticking time bomb coming that will end up destroying Dalio's supposed "reputation for excellence"?

Re: Coinbase employees petition to remove execs

#245
post #111

Earlier quoted context omitted.

I'm curious why Zoom doesn't get more shine. In my opinion they were tested like few other companies in history at the start of the pandemic and seem to have pulled it off. My former employer had 60,000 people with technical roles and we all went to zoom in the summer of 2020 after our existing conferencing solution completely shit the bed. I won't say there were zero issues but the number definitely rounds to zero.…

I think Zoom doesn't get more shine for the same reason Alibaba, Baidu, or ByteDance don't. They are large companies doing complex engineering, but they are Chinese and not western.

Not sure I am getting your point... Zoom is a US company.

Re: Coinbase employees petition to remove execs

#246
post #46

Earlier quoted context omitted.

I’m fascinated by the idea that, once a company reaches a certain size – let’s say 100 – then it is, by definition, average. Any claims to be above average may be summarily dismissed. This exhibits most clearly in large IT integrators. I know, I work for one. The marketing spiel makes me feel sick. If I were ever to start a company – I probably don’t want the stress – I’d want to keep it small. It is for this reason…

They way I had it described to me was that the optimal number of direct reports to one person is 7 (hence why military squads tend to be about 8 people). All companies go through growing pains as they reach ~7^n people and have to put in another layer of management. So about 7, 50, 340, 2400… In reality most companies will have a 2-3 founders running it and so those numbers are more like, 14-20, 100-150, 700-1000. I…

The term you are looking for is Span of Control.

https://en.wikipedia.org/wiki/Span_of_control

Re: Coinbase employees petition to remove execs

#247
post #167

Earlier quoted context omitted.

> The end result is one giant popularity contest, with the beautiful people clique getting the highest ratings, and everyone else getting varying degrees of shit based on how unpopular they are and how much intrigue is currently going on. Welcome to life. Human social hierarchies have always worked like this. The only thing this dot collector is doing is presenting it explicitly in a way even people with poor social…

So, because it’s a base human urge, we shouldn’t ever try to improve on it or do better? Sounds very defeatist to me. Plenty of workplaces try a lot harder: setting specific goals to achieve in order to get promotions rather than relying on interpersonal relationships, for example. > Interestingly male social spaces are actually less focused on appearance than female ones. I think it’s telling that your example here…

> So, because it’s a base human urge, we shouldn’t ever try to improve on it or do better? Sounds very defeatist to me.

Improve and do better for whom? Those of us with adequate social acumen can deal with human nature just fine.

It is observably true though that low status persons often fantasize about somehow overturn the social order such that when it all shakes out they come out on top. It’s so common that it’s a well-known and frankly overworked trope.

The world has seen plenty of revolutions and other social disruptions and every single time those with a good grasp of human nature come out on top. You can fight reality if you wish, but you can never beat it.

> Plenty of workplaces try a lot harder: setting specific goals to achieve in order to get promotions rather than relying on interpersonal relationships, for example.

And it’s telling how reliably chumps fall for that story. The process is observably no more than a fig leaf covering office politics except perhaps at the levels where nobody with influence gives a fig.

Re: Coinbase employees petition to remove execs

#248

Earlier quoted context omitted.

I lived it. It sucked. Only the dumb ones got cancelled. The smart ones kept their heads down or got new jobs. The team was defined by mediocrity. Mediocrity in hiring, in execution, in quality. But oh were they ever so woke.

What kind of company was this? I do contracting and have worked a lot of places, big and small, but have never seen anything remotely like this. Perhaps it's a matter of perspective? Would you say e.g. James Damore was "cancelled", rather than being fired for discriminatory statements that an NLRB lawyer described as "so harmful, discriminatory, and disruptive as to be unprotected"?

This is a venture backed enterprise software company.

Cancelling was never so straightforward as being fired. It was social ostracism and the soft understanding that no promotions were going to come their way, because the whole HR team was against it and their managers were never going to spend the social capital to fight that fight.

Their offense was objecting to a specific point being made in “implicit bias training”.

I was high enough in the org chart that I was privy to these conversations.

Re: Coinbase employees petition to remove execs

#249
post #241

Earlier quoted context omitted.

I've been in situations like this before. The end result is one giant popularity contest, with the beautiful people clique getting the highest ratings, and everyone else getting varying degrees of shit based on how unpopular they are and how much intrigue is currently going on. They didn't even have to actively collude; humans come with very sensitive popularity meters built-in, so they instinctively know where to pl…

We had something like that at one of my jobs. The most senior engineers there were myself and the founder, and everyone else was either fresh out of college or fresh out of high school. The founder had to spend a lot of time on business stuff so most of the things that required a senior engineer were done by me. Most of what we did was Windows and Mac utility software, usually difficult or tricky stuff that messed he…

This is a fantastic example in how incentive design can go awry! Would love to hear any other stories like this one (from you or anyone) to learn from.

Re: Coinbase employees petition to remove execs

#250
post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

The modern tendency is to codify and systematize all management decisions.

In the old British Empire, the upper class learnt the classics (as in, ancient myths) and were packed off to go rule the world. It didn’t go so badly (for Britain).

Perhaps we can combine the two - managers to study human nature, and then study the problem, and then use regular brainpower to come up with good solutions.

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