https://www.yahoo.com/news/coinbase-no-longer-allowing-hires-204321895.html
Old news! They did that even before they went public. The tech bubble may be about to burst if other companies start doing same
As long as they include something like a 6 month review so packages can be updated based on impact at the company I’m all for it.
Not that big of a deal, and many companies do this or something similar. This is way less of an issue than what stripe does with RSUs
So competitors can overbid for the candidates who they like, and let Coinbase have the rest
"If you pass our bar and are hired to do the same work, you get the same offer as the next candidate for a role." - they better put their money where their mouth is and start paying same salaries whether the person is in the Bay Area or Alabama. You are hired to do the same work right?
Don't confuse cost of living with cost of labor. The cost of living is 57% lower in Birmingham, AL. Transportation, food, entertainment, healthcare, all 30%+ lower than Bay Area.
"If you pass our bar and are hired to do the same work, you get the same offer as the next candidate for a role."
Sounds like a great way to lose top candidates to other companies.
Who says Coinbase needs top tier talent :-)
One less company worth pursuing...
Coinbase doesn’t need top technical talent and is focusing on people passionate about crypto. It’s not about the money for some people working there. Soulless sdes at FAANG wouldn’t understand
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This is absolutely ridiculous! Coinbase will be the new basecamp 😂
After all they both have the "base" in them