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I think we really could be witnessing the start of the end of massive compensation packages for many engineers. Turns out that easy money propped up the valuati
by woeirua 4y ago
I think we really could be witnessing the start of the end of massive compensation packages for many engineers. Turns out that easy money propped up the valuations of companies with marginal business models, and there just aren't that many companies out there like MAGMA that make money hand over fist and can keep growing YOY like crazy. MAGMA comp will stay high for the forseeable future, but I think a lot of people are going to take a big paycut here in the next year or two.
- axg11 4y agoLayoffs? Maybe. Paycut? Not at their existing companies. There's a case to be made that too many tech companies scaled too quickly. Fundamentally, Coinbase is still a solid company, they may have overextended hiring but their core businesses are very profitable.