Earlier quoted context omitted.
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
A follow up to Coinbase being a mission focused company
41–50 of 774 posts
Re: A follow up to Coinbase being a mission focused company
#42> “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.
> 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. Getting people who are unhappy (politics aside) to leave sounds more like "the severance package was a nice move" than "the severance package was too good."
Might be a silly idea, but I wonder if more companies would benefit from doing something like this on a semi-regular basis, i.e. giving unhappy employees the opportunity to leave with a decent "severance" package?
Re: A follow up to Coinbase being a mission focused company
#43I 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.
Re: A follow up to Coinbase being a mission focused company
#44Earlier quoted context omitted.
Is it necessarily? Social media has amplified polarization. Is it really the case that everyone must support one or other of the poles?
Something being a political statement doesn't necessarily mean it is directly in support of one pole or the other. It's still political. Saying "my business supports whatever the current US government's stated opinion is on all issues" is a political stance. It may not be partisan, but it absolutely is political. Those aren't synonymous.
Nobody supports the status quo.
Re: A follow up to Coinbase being a mission focused company
#45I 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.
I prefer to not be lectured on political issues by my orange juice brand. Their mission should be to sell high quality orange juice and make a profit.
Re: A follow up to Coinbase being a mission focused company
#46Re: A follow up to Coinbase being a mission focused company
#47I 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.
You are correct in your "understatement" claim, though I suspect unintentionally so. Yes, "avoiding politics" cuts into time you could be spending advancing progressive politics. So does writing software. So does watching a movie with your spouse. So does sleeping. So does every single thing that isn't literally "advancing progressive politics." "No politics = politics" is an utterly vacuous statement.
If you become friendly with a person in the workplace you'll eventually learn their politics, right? Either through how they act or what they say. How do you limit how much a person reveals about themselves at work?
The CEO is saying Coinbase won't take political stances. That's fine in theory but in practice it's not. The whole idea of cryptocurrency itself is political.
There is a difference in being passively apolitical and actively apolitical for sure.
Re: A follow up to Coinbase being a mission focused company
#48I 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.
That’s a very paranoid way of looking at things. Signalling support for the status quo would involve something more active, eg “wooo, go status quo!!” on a banner. Maybe they have different priorities than you and just want to make money. Not everything is political.
Re: A follow up to Coinbase being a mission focused company
#49One 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.
Ironically / IMHO, the irritant at the center of the pearl that is many of these ('social justice') issues is people treating other people as a member of an imagined group rather than a specific human they can talk to.
Re: A follow up to Coinbase being a mission focused company
#50Earlier 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…
Survey of purported 2019 data shows $570 * 12 = $6,840 for individual, $19,000 for family (for some reason, no monthly cost there)
So lets say you only pay the feds income tax, and don't bother with medicaid, social security, state income tax, 401K, any other witholdings whatsoever - you'll earn 85% of $160,000, or $136,000. Divided into 26 paychecks, $5230 biweekly.
If you're single, yearly premium would be covered by 2.6 weeks of work, or 11% of your severance. If you have a family, 7.26 weeks of work, or 30% of your severance.