Affirm, coinbase next?

Apple
iNeedWork

Go to company page Apple

iNeedWork
2d 80 Comments

I was talking to recruiters few months back when i started interview prep and they had so many job openings. Few weeks back when i finally felt ready to interview Affirm recruiter said all roles are filled and they have no opening for sr. Level.
Coinbase recruiter said org has filled all reqs, robinhood recruiter just ghosted me

Is Affirm and coin next?

Affirm’s stock is in deep Shit, i am down 70k myself lol. No hope for it in short term and BNPL companies overall look like having bleak future.

Coin overall feels still super expensive and with crypto winter looming layoffs feel possible

TC- 350k before stock dip

#layoff #severance

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TOP 80 Comments
  • Coinbase / Eng
    coinbaes

    Go to company page Coinbase Eng

    coinbaes
    Don’t think any layoffs are happening at Coinbase, we have a ton of products including NFT which just launched, institutional side, Coinbase Cloud, etc. (and as some folks mentioned P/E ratio is surprisingly low). Also the company has been growing like a startup, expected 2x growth this year in headcount
    2d 3
  • NVIDIA
    Qlxs56

    Go to company page NVIDIA

    Qlxs56
    Affirm relies on people to buy stuff they don’t have money for. What do you think will happen in an inflationary environment or recession??
    2d 10
    • Affirm
      knuckles9

      Go to company page Affirm

      knuckles9
      @bloomberg time value of money. Strictly from a finance perspective you should always take an interest free loan. Peloton is a great example-- mainly super prime folks who can all afford to pay out if pocket but know the tvm
      Yesterday
    • Affirm
      mifX34

      Go to company page Affirm

      mifX34
      @under armour, just curious to understand why you don’t think Affirm knows the state of a consumers credit? We absolutely pull credit scores and our 0% loans have an avg credit score of over 700.

      You should understand that we aim for 2% delinquency rate and have been under that number for a while. The facts show we understand our consumers better than most credit scoring agencies at this point.

      While you are right that we do lend to subprime, that term isn’t well understood by you. 1 in 3 Americans is considered subprime by the standard definition and that includes people like your h1-b buddies that are making a 100k+ a year in Tech. The gap that Affirm is tackling there is easy to spot. 80% of Americans make their payments on time but only 49% have good credit scores. If you can win that gap or even a small percentage of that gap, you would become a very large player in fintech.
      Yesterday
  • Amazon
    pLeN22

    Go to company page Amazon

    pLeN22
    TC or gtfo

    Also didn’t they offer to hire all of the fast.co engineer layoffs
    2d 8
  • As much as I shitpost here, we can't hire fast enough. My org is looking to double - triple in size this quarter 🤯
    2d 3
  • Financial Services Company
    rVkN71

    Financial Services Company

    rVkN71
    Work in the industry - Affirm is fucked. Their unit economics isn’t sustainable and they have no moat
    2d 3
    • Thats what they said about Juciero. Some people just dont have vision
      Yesterday
    • Affirm
      knuckles9

      Go to company page Affirm

      knuckles9
      Not sure where you work but your claim is incorrect. Unit economics are solid on nearly all of Affirm loans. Our ER looked bad because a large portion of our loans are switching to a different way of realizing the profits so we won't see those profits til further down the road.
      Yesterday