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Coinbase employees petition to remove execs

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Re: Coinbase employees petition to remove execs

#71

Post by IfOnlyYouKnew »

tsimionescu wrote: post #57
fathyb wrote: 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…

> how well they demonstrate the 10 crore Values at coinbase I wonder if these are the 10 core values, or Coinbase actually has 10 crore (100,000,000) values they want employees to think about... Doesn't seem impossible given some HR departments I've seen.

To paraphrase the economics joke: Coinbase doesn't have any value(s). It has ten prices, none of which are correct, and it doesn't know the difference.

Even with slightly less snark: you try to come up with a list of ten "core values" and "positive energy" is one of them? Does anybody notice that "positive energy" is a completely empty shell of a phrase? It's "why are you sad? When I'm sad, I decide to be happy instead" in buzzword-form.

Then again, I sort-of get it: if Coinbase had "intellectual rigor" and "help society, and capitalism will reward you" as guiding principles, the cognitive dissonance could shatter a Tesla Cybertruck window at a distance. Better to just cut the chase and go with "for the lulz" and "privilege is our edge" from the get-go.

Re: Coinbase employees petition to remove execs

#72

Post by KingOfCoders »

abnercoimbre wrote: post #62
KingOfCoders wrote: post #37

Earlier quoted context omitted.

I also found working in smaller companies more effective (worked in 20 people, 500 people and 30.000 people companies). DHH recently said at a conference on how people always tell him they were happy when the company was small, and asked "Why scale then?" (the panel agreed that some things, like building a commercial airliner might take large teams). This has been to my heart for years https://www.radicalsimpli.city/…

Do you believe we're favorably headed that direction already? Or would it require a lot more conferences highlighting this, getting mindshare buy-in, etc?

No not yet.

People don't want to have meaningless jobs [1] and want jobs that make sense to them. But the other force is VC driven startups where the mantra is "Scale, scale, scale" by hiring hundreds of people - with the goal to make people rich. I do assume for more and more people money is no longer a substitue for sense though, several of my coachees want new jobs with less pay but more sense. I do believe this becoming a mega trend for the next decades (AI, 3d-printing, ... will accelerate this trend). We're at the very very beginning.

[1] https://yougov.co.uk/topics/lifestyle/articles-reports/2015/...

Re: Coinbase employees petition to remove execs

#73

Post by hhmc »

jpgvm wrote: post #47
jen729w wrote: 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…

Netflix for many years was an outlier because of the stupidly high bar they kept for engineering hires. Obviously that all fell apart a few years ago and have since diluted their talent pool into mediocrity but I still think it's a counter-point for the argument that you can't maintain a high quality team into the ~200 engineers range.

> Obviously that all fell apart a few years ago and have since diluted their talent pool into mediocrity

This could well be true, but it seems far from obvious to me. Do you have any evidence? Clearly netflix stock is doing poorly in recent months, but this seems much more of a consequence of content issues rather than engineering talent.

Re: Coinbase employees petition to remove execs

#75

Post by ackbar03 »

bigpeopleareold wrote: post #70
sjtindell wrote: post #34

I’ve become convinced that hiring more people is generally a warning sign. A team of between a few and about twenty people seems to produce all the good stuff. Anything beyond that, your value per employee drops drastically, and your cost per employee goes up as you need to offer higher and higher salaries to stay in competition. A company going on a hiring spree is now a negative indicator for me. I think FB, Goog,…

I say I will agree with this first. The worst company-level experience I saw in my career was seeing over-hiring only with a massive downsizing later on. It was during that time, that first employee I was directly involved in hiring was part of the layoff. A company that goes acquisition crazy and trying to boost staff rapidly seemed at first like a good thing. In my case, I saw sales staff grow a lot. However, execu…

Failure of the nft platform is cited as a negative by the employees here though

Re: Coinbase employees petition to remove execs

#76

Post by ur-whale »

fathyb wrote: 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…

> Sounds like hell.

Sounds like standard corporate usistan.

Re: Coinbase employees petition to remove execs

#78

Post by permo-w »

ur-whale wrote: post #76
fathyb wrote: 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…

> Sounds like hell. Sounds like standard corporate usistan.

i.e. hell

Re: Coinbase employees petition to remove execs

#79

Post by akudha »

Chief People Officer in the list. To any young, fresh eyed college person taking up their first job - don't believe HR is your friend (as I did, when I started my career). They are not.

It might seem silly to point out the obvious, but a lot of people still genuinely believe HR is their friend, especially those starting their careers.

Re: Coinbase employees petition to remove execs

#80

Post by rvz »

alexjurkiewicz wrote: post #41

Is there any proof this was even created by Coinbase employees? It seems completely anonymous.

Very good question.

Looks like lots of commenters here don't realise this, believe anything and hastefully jump in without questioning this as it could be made by a random user. Always be skeptical around the source of this.

> It seems completely anonymous.

That's the case here since the Ethereum address has absolutely 0 iterations, making it more harder to trace.

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