Tech IndustryApr 7, 2023
Amazonpissazon

Should I join coinbase?

Hey Coinbase peeps! I *might* get an offer from coinbase. Shall I jump the gun and join Coinbase? 1. I have been reading that Coinbase is done with layoffs im 2023. Is that true? 2. How many employees does coinbase have today? I’m looking for more dynamic work environment and honestly, a change. Folks at Coinbase, what do you of future prospects of coinbase? 8 yoe, L5, 300k @coinbase #coinbase

Mailchimp 4mane Apr 7, 2023

Might join as well Get the offer first

Amazon pissazon OP Apr 7, 2023

Why do you recommend joining?

Microsoft alamenoko Apr 7, 2023

I don't think so

Amazon pissazon OP Apr 7, 2023

Why do yoh say so?

Microsoft alamenoko Apr 7, 2023

I mean, isn't this the company that rescinded offers, and laid off new hires? What did change and they are looking for new people now?

Amazon babajoos Apr 7, 2023

8 yoe! Wtf dude

Amazon pissazon OP Apr 7, 2023

Too much yoe for L5?

Amazon RKkC57 Apr 7, 2023

Lmao yeah

Snap apJG91 Apr 7, 2023

Get offer first

Amazon pissazon OP Apr 7, 2023

Why would your recommendation change based on the offer?

Snap apJG91 Apr 7, 2023

Just making sure you dont get your hope up high and get crushed when a rejection comes in your email inbox

Amazon RKkC57 Apr 7, 2023

Just do it

Amazon pissazon OP Apr 7, 2023

I’d wanna. Why do you recommend it?

Amazon RKkC57 Apr 8, 2023

Bcuz faang sucks dicks

Coinbase sirvivor Apr 7, 2023

1. When the first one happened the exec team said they cut deep enough so there wouldn’t be a second one. Well there was a second one and many people believe we are still over staffed. 2. Not sure, but think around 4000.

Amazon pissazon OP Apr 7, 2023

Thanks for your response. 1. Whats keeping you at coinbase? 2. Are you interviewing (or trying to get an interview)? 3. Does wells notice scare you a bit?

Coinbase sirvivor Apr 7, 2023

1. My work isn’t that hard and my position is stable. I get paid well. 2. Final stages of interviewing 3. No I’m thinking about leaving because the leadership team isn’t great at all. Shockingly poor decisions and nearly always reactive. You can tell a lot of people are there for the money and are overpaid so anything they perceive as a knock of them turns into big issues creating an interesting culture. There isn’t a lot of growth and it’s hard to see how to advance.

Microsoft edBm00 Apr 7, 2023

I’d not recommend joining. Been there and got burned in the last layoffs. As mentioned in other responses the leadership sucks. Hard to understand their decision making. Also I would not buy “we are done with layoffs” bullshit. They’ve cut way deeper than any Faang and are still bloated IMO. You’ll constantly be in the fear of layoffs if you join. Lastly they pay well but they withheld bonus and cut stock awards for IC6 and above. Also their stock sucks so consider only getting 50% of the actual value.

Amazon pissazon OP Apr 7, 2023

Ouch, that sucks. Layoffs is my biggest fear as well especially being on visa. Thank you for sharing your perspective.

Cox Automotive 🏎 ⚡️ Apr 7, 2023

Pain is pleasure for some

Coinbase lifeisgudd Apr 7, 2023

1. Not true more will happen 2. Nothing to share here feel free to Google it but I will tell you doesn't matter. Advice: don't join unless you like playing with fire. You are an Amazonian so you may survive a rif or 2 but not much longer.

Confluent 6rz7z7 Apr 7, 2023

Go if they offer $670k for staff.

Amazon pissazon OP Apr 7, 2023

They have reduced comp across board

Coinbase VEde51 Apr 8, 2023

RSUs for L6 are now $275k down from $400k