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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%

#761
post #522

Earlier quoted context omitted.

I would sincerely hope that anyone making tech money has some savings put away and isn't living paycheck-to-paycheck.

Seriously. Everyone should do their damndest to get 6 months worth of bills into savings. This should be easy for well-paid tech workers. I've been making tech money ($200-250K) for about 5 years now, and my savings is enough that I could ride out a job loss for at least a full year with no change in lifestyle. With some minor belt tightening (I eat out WAYYYY too much), I could go 2 years before I had to start worry…

The point I'm trying to make is that even if you have savings and are eating into them, you should still be shitting your pants and acting as though those pants are on fire, because you're handling an emergency. That's why you call it your emergency fund.

If we are not employed, then we have N months until we are broke. This is true for what, 99.9% of us? Whether that N is a high or low number, the slope of the line is still downward and that makes it an emergency. Unless you are retired, and are hoping for N to be greater than your life expectancy.

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

#762

Earlier quoted context omitted.

> uncover blockers that people haven’t surfaced on their own I constantly reiterate to people, whether they're reporting to me or not, that they need to speak up when there's a blocker. I feel its a very telling skill of engineers whether or not they can communicate issues in an effective manner urgently and figure out the best course of action to unblock. I've heard tales of 300k/yr engineers that just sit there and…

> I feel its a very telling skill of engineers whether or not they can communicate issues in an effective manner urgently and figure out the best course of action to unblock. I could be this person that appears not communicate, but the reason is because I've never had a manager that could unblock me faster than if I didn't tell anyone and just did it myself. For the longest time, every manager I've ever had was mostl…

If you can do it yourself, you aren't blocked?

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

#763

Earlier quoted context omitted.

Or maybe we should go back to what it was before Google and big $$$ tech decided that if you were a "manager" you shouldn't contribute technically. Being a manager now means a bunch of busy work talking to other managers and weekly 1:1s. There is a ton that has been written about the managerial class. Producing nothing, but for sure making themselves look self-important. Before that the manager was essentially the be…

You people (as in this HN community) have your conception of middle management taken from memes, comics and to some extent a lack of experience. Managing even 5-10 people means juggling projects, personnel management, being held accountable for all actions of your people, having to be sandwiched between the pie-in-the-sky class and the myopic individual, translator in between. It means jumping on outage calls, doing…

I was a manager of others who were also called "managers" (they were Project Managers and App Managers) and I was still writing code when needed. These days most managers in IT in my company are non-technical to the point they cannot write a single line of code in any language. Their managers are so non-technical they don't understand SDLC or anything related to what their people are supposed to do. Times changed, what is a manager today changed.

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

#764
post #672

Earlier quoted context omitted.

> We don't need weekly 1:1s to check on feelings. As a manager that does weekly 1:1s, I agree with that statement. But I do need 1:1s to check on progress, uncover blockers that people haven’t surfaced on their own, make continuous small decisions, offer support, assess performance, collect status information for my manager, and last but not least give employees the opportunity to share feelings frequently. They do,…

> uncover blockers that people haven’t surfaced on their own I constantly reiterate to people, whether they're reporting to me or not, that they need to speak up when there's a blocker. I feel its a very telling skill of engineers whether or not they can communicate issues in an effective manner urgently and figure out the best course of action to unblock. I've heard tales of 300k/yr engineers that just sit there and…

> I've heard tales of 300k/yr engineers that just sit there and wait for a manager to ask if they're blocked, or just sit there until they're told what to do.

This is widely presumed to reflect reality within a 1-2 degrees of separation from myself as well as from many of the people I speak to. Part of the problem is that there is always plausible deniability. Like the adage of how unwise it is to fire custodians just because you never see a mess and therefore you never actually see the custodians do anything, it may be "unwise" to lose the presence of these 300k/yr engineers just because they somehow actually keep things going smoothly.

> I constantly reiterate to people, whether they're reporting to me or not, that they need to speak up when there's a blocker.

This is presuming a particular/healthy culture where open communication is valued, appreciated, and not punished. This is not always the case, and an "objective description of a blocker" could result in some bruised egos where it transforms into blame upon some person or team for being or causing the blocker. People who experienced these cultures may be waiting for private conversations (such as 1-on-1s) that minimizes the risk, and they may be waiting to identify you (or whomever they are talking to) as a person who could make communicate the nature of the blockage in a politically favorable or neutral manner. All of this may be happening without the people involved consciously aware of this behavior of pushing out information through private conversations. And this maintains plausible deniability for ALL parties. The person who is blocked is never identified. The person who may have been the blocker is never identified. And hopefully everything gets fixed before anything is actually worth escalating.

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

#765
post #490

Earlier quoted context omitted.

what is happening to crypto that is causing this? I was thinking with the recent conflicts crypto would thrive, if anything.

Previous cycles were fueled by retail, with an industry trying to legitimize itself. This cycle is about max extraction and fraud - Legitimized by the presidential family cashing out billions in meme coins, insider trading and forks of existing protocols. Hacks have also been hitting hard. North Korea has stolen 500m this year alone and 2b last year. So… no thriving. On the opposite. Dying is a more appropriate word…

IMO there's actually an opposite effect going on: Retail was never the main driver behind crypto pricing. Think of it like this: If every US adult purchased $1000 in BTC, that purchase would represent a level of volume that BTC, otherwise & at today's historically low volume, takes about 5 days to clear. BTC volume is too high to be explained by retail.

Crypto volume comes from institutional liquidity, not retail. All of that liquidity has moved from crypto to AI. It turns out that the liquidity wasn't actually interested in the technology or the philosophy; they were interested in outsized ROI. Think of BTC not as a currency, but as a share of stock in the crypto technology sector.

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

#767

Earlier quoted context omitted.

You people (as in this HN community) have your conception of middle management taken from memes, comics and to some extent a lack of experience. Managing even 5-10 people means juggling projects, personnel management, being held accountable for all actions of your people, having to be sandwiched between the pie-in-the-sky class and the myopic individual, translator in between. It means jumping on outage calls, doing…

I was a manager of others who were also called "managers" (they were Project Managers and App Managers) and I was still writing code when needed. These days most managers in IT in my company are non-technical to the point they cannot write a single line of code in any language. Their managers are so non-technical they don't understand SDLC or anything related to what their people are supposed to do. Times changed, wh…

Then why are manager jobs now requiring LeetCode and other technical assessments? It's not easy to get any job anywhere unless you have a technical background.

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

#768
post #515

> Leaders will own much more, with as many as 15+ direct reports. [...] 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. Oof. So not only are they giving their remaining managers more reports, but those managers will be expected to do lots of other, non-management work. Sure, nothing can go wrong…

Or maybe we should go back to what it was before Google and big $$$ tech decided that if you were a "manager" you shouldn't contribute technically. Being a manager now means a bunch of busy work talking to other managers and weekly 1:1s. There is a ton that has been written about the managerial class. Producing nothing, but for sure making themselves look self-important. Before that the manager was essentially the be…

I unironically want that to be me. Check in, make sure the team is 'well fed,' increase my team's survivability by talking with other teams and advocating for mine. Then I go home at the end of the day, take the kids to school, whatever... I don't really want to ever touch a line of code again either physically or by proxy (Claude code), yet I respect the hell out of engineers and want to fall on swords for them. Where does that leave me?

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

#769
post #672

Earlier quoted context omitted.

> We don't need weekly 1:1s to check on feelings. As a manager that does weekly 1:1s, I agree with that statement. But I do need 1:1s to check on progress, uncover blockers that people haven’t surfaced on their own, make continuous small decisions, offer support, assess performance, collect status information for my manager, and last but not least give employees the opportunity to share feelings frequently. They do,…

> uncover blockers that people haven’t surfaced on their own I constantly reiterate to people, whether they're reporting to me or not, that they need to speak up when there's a blocker. I feel its a very telling skill of engineers whether or not they can communicate issues in an effective manner urgently and figure out the best course of action to unblock. I've heard tales of 300k/yr engineers that just sit there and…

Read other comments: Even engineers with 10+ years of experience don't know how to do this, think they have it all under control, then complain that management only hindered them. And if we are talking from experience, based on mine, only 2/10 good engineers actually know how to communicate results besides just delivering code/artifacts.

In some particular cases and SMALL groups I do think a Manager by itself is unnecessary, especially if everything is working out and they are responsible enough to present usable information to others in the hierarchy, but if not, please stop this fighting and only complain when the Manager is really annoying.

If you think they are robbing you of valuable time, time it. Time it and tell them with hard data you're being robbed of at least a certain % of your working time, which means you can probably deliver less if they want X action from you.

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

#770

Earlier quoted context omitted.

> uncover blockers that people haven’t surfaced on their own I constantly reiterate to people, whether they're reporting to me or not, that they need to speak up when there's a blocker. I feel its a very telling skill of engineers whether or not they can communicate issues in an effective manner urgently and figure out the best course of action to unblock. I've heard tales of 300k/yr engineers that just sit there and…

My personal experience is that programmers confuse what they can do today with what they can learn to do tomorrow.

I was perhaps a bit harsher in my comment on this thread, but I like the way you describe it better.
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