Hey community, Please help us decide if my wife has done Right thing by accepting Coinbase offer last week of 350k and rejected all other pending offers from companies like Amazon, Uber and Private Bank because none of them were close to what Coinbase was offering (new tech project, brilliant team of google and FAANG engineering folks, Permanent Remote Position (Chance to move back to India from Bay area after 2 years of service and pay adjustments, 4 weeks time off as recharge week annually, and lots of other benefits) but today their CFO announced that they are going to slow down hiring (instead of aggressive hiring plan) to keep up with market downtime and contribute to focus on highest business priority stuff. Now we are not sure if she should join in this situation as after joining if something goes wrong then will there be a risk of layoff. She is joining on IC5 position and currently working at Okta with 240k TC #coinbase #google #meta #amazon #Uber #okta #faang #crypto #defi #Bitcoin #web3 #offer #apple #Cisco
Not worth the risk. And WLB at Coinbase is awful so another thing to consider.
This comment is out of context sir, who needs what let companies decide and don’t try to become policy maker at this time. That’s a different discussion all together. Keep this post away from negativity please. I am manager myself and I don’t care if person is on H1 or not if I get right talent, after all we (me and my wife) are contributing by paying more than 130k just in taxes annually from last 8 years
Take a chance. Sounds like she can get any job she wants if things go bad at Coinbase.
Thanks for the helpful comment sir, yeah we are also thinking same but worried if she would get some good option in Bay Area or remote in case layoff season begins, she is emotional fragile (hope you understand)
Going back to India where she can be closer to family is a better option for her than being halfway across the world in a foreign country, then. When layoffs start, there’s no way companies will be able to justify H1-Bs anyway.
I wouldn’t worry about it. Anything is a risk, especially with a recession, but Coinbase has a ton of money, and I have a hard time seeing them laying people off in the next 24-36 months. I’m also joining :)
That sounds motivating, thanks
Cb is also super profitable. May not last, but I don't see huge layoffs super soon. They are VERY well capitalized.
I say take it, since TC is so high, save rapidly right away in the event she does ever get let go. Be gracious and stay in touch with the others who offered in case you need to go back to them. Hard to tell what the future holds.
That’s a great advice, thank you sir. I agree with you regarding savings and keeping good terms with companies who extended Offers. Thanks
I would like to take a moment and say BIG Thanks to everyone in this helpful community here on blind who took some of their valuable time to vote and comment to help us decide the right thing and kill some anxiety around this topic. My wife has decided to take up the challenge and join Coinbase and contribute to the mission of decentralized economic freedom!! Would like to pay back to the community by referrals or sharing interviews experience, or we can even conduct mock interviews for those who are in the market now, I am workday manager with 14 years of exp so can help in anyway possible. Thanks once again 🙏🙏
Currently coinbase is revoking job offers. Are you still on blind?
I'd look at it as what's the worst downside vs likely/ best downside. Worst case scenario: layoff/ bankruptcy ..loss= x months of salary till a new job is landed + any drop in salary between current and future jobs Best case scenario: benefit:whatever the incremental salary coin base is offering over other firms. Your call on whether the risk is worth the reward :)
Thanks , you are right but learning this new space which may dominate next decade is also a big opportunity along with better pay to adjust the trade off of risk 😆
350K TC today and possible 0 tomorrow. That’s the risk with Coinbase, if you can afford it, go ahead. If layoffs coincide with a recession/hiring freezes, then just have a bigger emergency fund.
Welp this didn’t age well
Big mistake... actually huge mistake. Your wife done messed up.
Would you bother to elaborate please, what big mistake you are referring to