4 ms·
> Heading into this year, we planned to triple the size of the company. I wonder what "slow down" means exactly in this context. Complete hiring freeze? 10-50%
by jstx1 4y ago
> Heading into this year, we planned to triple the size of the company.
I wonder what "slow down" means exactly in this context. Complete hiring freeze? 10-50% growth? Even if there was no market downturn, how were they even planning to integrate 3x the people within the company in such a short period of time.
- deleted 4y ago[deleted]
- avrionov 4y agoCoinbase revenue increased 514.76% from 2020 to 2021. They were also profitable in 2021. Adding 3x people probably made sense, if they think that that revenue will continue to increase. https://www.google.com/finance/quote/COIN:NASDAQ https://www.google.com/finance/quote/COIN:NASDAQ
- rvnx 4y agoSomething maybe more worrying is that you can see in the financial results of Coinbase that they invested into BTC themselves, and there is threshold where they would lose funds and likely have to liquidate BTC aggressively :/ (it's public)
- prepend 4y agoI interpret this as hiring freeze. When I read corporate emails and “official” messages, I always take the least charitable interpretation. So what’s the most unattractive thing that fits their definition of slowing down, that’s a hiring freeze. This uncharitable view is the opposite when I encounter genuine human interaction where I try to view the most charitable. But if a lawyer has read through it, then the most weaselly interpretation is probably truist.
- taurath 4y agoCorporations are sociopaths, and we think this is a good idea for some reason
- prepend 4y agoOf course they are. It is good. Corporations, like functions, are sociopaths. They’re just rulesets. They aren’t real people so they can’t be anything but sociopaths, although I don’t think that’s an accurate term for a non-person. Are deer sociopaths? Or trees? Or virii? Or bags of rice? I want the emotions to be with the people who make up corporations (and write the functions).
- throwaway_1928 4y agoExcept these rulesets are at the top of the food chain within our society. As for the people who make up the corporations, they turn into sociopaths themselves as their emotion and empathy dissipate the higher they get in the pecking order.
- prepend 4y agoI don’t think that’s true. Or would need to see a lot of studies. I’ve interacted with c-level execs in many industries and companies and sociopaths are pretty rare. Also, sociopaths aren’t bad, they just extremely focus on goals. Psychopaths are bad sociopaths who harm others. If you have a sociopath surgeon or something that could actually be beneficial to society as they’d just perform tons of surgeries.
- bko 4y agoThey have 3.7k employees, which means by the end of the year two thirds of the employees would have been there less than a year. Did anyone ever go through a similarly extreme hiring period as an employee? I can't imagine how disorienting it must be.
- cyanydeez 4y agoNegative growth