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Coinbase is rescinding already-accepted job offers
- chemmail 4y agoBottom line, crypto winter is coming, it will prob last 4 years like in westheros.
- UncleEntity 4y agoLosing over $60 billion in valuation is an impressive feat, makes me wonder if that’s a record or something?
- seanhunter 4y agoMasa Son lost $70bn in a single day during the dotcom bubble, which I believe was a record until recently when some crypto guy lost more.
- umeshunni 4y agoNot by a long shot: https://www.cnbc.com/2022/02/03/facebooks-232billion-drop-in-value-sets-all-time-record.html https://www.cnbc.com/2022/02/03/facebooks-232billion-drop-in...
- loceng 4y agoIf looking at % of the whole, and not the amount, Coinbase looks to be the winner here? https://companiesmarketcap.com/coinbase/marketcap/ https://companiesmarketcap.com/coinbase/marketcap/ https://companiesmarketcap.com/facebook/marketcap/ https://companiesmarketcap.com/facebook/marketcap/
- throwk8s 4y agoIf looking at percentage of the whole, there are a lot of companies tied for the "win" at ~100%.
- CydeWeys 4y agoOh there's plenty of companies that have lost more than 100% of their value. If you go from a positive value to a negative value (e.g. you have outstanding liabilities that cannot be discharged), that's a >100% reduction in value. One good example would be old mining companies that went bankrupt. Their value cratered to zero, AND now the corporate overlords that ended up acquiring them are spending neverending millions of dollars spent to clean up Superfund sites decade after decade. There are some liabilities that simply cannot be discharged.
- joebob42 4y agoWhy did anyone acquire them then?
- CydeWeys 4y agoBecause people make mistakes, the true value of a company is often not known anyway, etc. You may as well ask why someone buys a stock that then goes down. You didn't think it would go down when you bought it, obviously, but you were wrong.
- tyrfing 4y agoIt's pretty similar to other big 2021 IPOs. Rivian, Robinhood, UIPath, etc. The ones doing well are only down 50-60%. Now, these companies have pretty good access to capital, and retail getting ripped off is no problem. The interesting part of this glacier is the pre-IPO ecosystem that is bleeding money and trying to avoid similar markdowns.
- optimiz3 4y agoRookie numbers. TSLA moves this much every other week.
- loceng 4y agoLook at the % change compared to the total market cap.. https://companiesmarketcap.com/tesla/marketcap/ https://companiesmarketcap.com/tesla/marketcap/ https://companiesmarketcap.com/facebook/marketcap/ https://companiesmarketcap.com/facebook/marketcap/ https://companiesmarketcap.com/coinbase/marketcap/ https://companiesmarketcap.com/coinbase/marketcap/ Coinbase seems to still be the "winner" here.
- wutbrodo 4y agoPercent change doesn't make sense either. Plenty of companies have lost a much higher percentage in the time period.
- baby 4y agoDfinity
- x86_64Ubuntu 4y agoIt's nice that they are offering 1 months severance, but still, it's got to be crushing to have an offer rescinded like this.
- outside1234 4y ago1 month is no where near enough. Folks probably left money on the table at the previous job to join Coinbase and now are going to be at a significant disadvantage negotiating for their next position.
- heretogetout 4y agoSome folks may have spouses or partners change jobs at the same time in preparation for a move. Coinbase should have paid a lot more than 1 month. And what is this nonsense about paying severance in cash? Do they believe in crypto or do they not?
- ShamelessC 4y agoIt's a grift.
- kevinpet 4y agoOne month severance is perfectly reasonable. They're under no obligation to make sure people are in a better position than they were before, and if someone walked away from options, etc at a previous company that's their business. One month is enough time to find a job if you aren't choosy. You have to draw the line somewhere. When the economy goes south, guess what? People will be out of work. I don't know why white collar workers seem to think they need to be isolated from all bad events.
- inferiorhuman 4y agoThe article says they're paying out two months severance.
- GoOnThenDoTell 4y ago
- MikeTheRocker 4y agoI cannot imagine how upsetting and stressful this would be, especially to individuals depending on work visas to lawfully remain in the country. Severance is some small solace, but wow. Shameful.
- carlivar 4y agoCoinbase tried to recruit me last summer. I politely told the recruiter that I felt it was all bubble speculation mania. Also the amount of equity sold by the CFO at the public listing indicated little confidence in the long term prospects. I guess I was right? Not trying to brag or anything. Just a tip to everyone job hunting I guess. Watch what executives do (not what they say). Well, and human history of speculative bubbles. I didn't think it was a coincidence Coinbase did a direct listing rather than an IPO, since an IPO has a waiting period for insiders to sell. I think insiders knew they had a limited window of cheap money froth.
- Overtonwindow 4y agoMight be a bubble, but I paid off my student loan and a car by investing in bitcoin. I’m certainly glad I ended up on the right side of the bubble.
- aaaaaaaaaaab 4y agoSome people also win the lottery. But I would hardly call it a sound investment.
- serf 4y agoinvestment is a pretty strong term for what a lot of us did to make money at btc. I made quite a bit of money by throwing my ex-gaming 4870x2 radeon machine into a closet for a year. my investment was a few bucks in energy, and an old computer that was going to become e-waste, and a few minutes time. I got lucky that at the time this was a feasible strategy before ASIC domination -- but this 'investment' wasn't anything like the rest of my portfolio by any means.
- epgui 4y agoGrowing tulips isn’t any more of an “investment” than buying tulips… Regardless of whether or not it’s profitable, it’s a speculative endeavour.
- outside1234 4y agoI mean Coinbase has been telling people who they are for years - no one should be surprised. I think we should be more surprised that anyone wants to work for Coinbase, Tesla, etc.
- chaosbolt 4y agoCoinbase are legit scammers, but why Tesla? Is your uncle Dick Cheney by any chance?
- deeptote 4y agoCRYPTO IS A FUCKING SCAM There are so many proper applications of blockchain that could improve humanity and provide value to customers and instead these shitheads create NFTs. "But the US dollar is fiat" they will say, "what's the difference?!" Gee, I dunno, the fact that the US Government backs it? All central banks use it? It's the reserve currency of the world? Any currency that isn't backed by a government or was widely used before there was a government (gold, for example) is a goddamn scam and I'm sick of it.
- qzx_pierri 4y agoHow much did you lose investing in Bitcoin?
- deeptote 4y agoExactly zero, because I don't gamble.
- ratsmack 4y agoThe US Dollar is tightly coupled with assets, and tangible goods and services that provide a substantial portion of its stability. Bitcoin, however, is based on burning through terawatts of electrical power in order to "prove work" and actually produce nothing but waste heat.
- deeptote 4y agoThe irony is there's use cases for that waste heat. - Utilities could use the extra boost of heat in winter - producing potable water The coin produced from these processes could then be used as tradable units. "Heat Coin" or "Fresh Water Coin" would ease the transaction of these resources. Hence, we get to the root of the problem of any "Coin": it is inherently worthless without any real asset or unit of production to back it's value.
- latenightcoding 4y agothere are clearly not many “proper applications of blockchain that could improve humanity” people have been trying very hard to find them.
- toddmorey 4y ago"While we did not make this decision lightly..." Yes but you aren't doing it humanely, either. I've been through the dot com crash and several hard economic downturns. It really puts your company's humanity on full display. It's the real test. Preserving cash flow is important. But you also have to do things carefully, openly, and with genuine care for the people who've believed in your vision. People will respect the hard decisions but not sloppy or careless execution.
- darawk 4y agoWhat would you have preferred they do here?
- mavelikara 4y ago> It really puts your company's humanity on full display. It's the real test. Which are the companies from the dot com crash you remember doing this very well, and very wrong?
- baby 4y agoHow do you do it humanly? If it were me I’d rather get an email
- weird-eye-issue 4y agoYeah this is 2022. Just email me. Saves us both awkward conversations that isn't going to change anything.
- fleetwoodsnack 4y agoExit interviews are an opportunity for the formerly employed to air and address their grievances too. I think it precludes a (generally) necessary transfer of information when an email is sent en lieu of a substantive discussion. As someone who’s been on both sides of the proverbial desk, I’ve come away frustrated but enlightened in some way almost every time.
- 4y ago
- aaaaaaaaaaab 4y agoI hope they go under.
- crorella 4y agoWhat else to expect from a company whose entire business rests around a ponzi scheme? The way of backing up to people who already left their jobs was very unprofessional.
- RcouF1uZ4gsC 4y ago>Joseph Patrick "Joe" Kennedy, Sr. JFK's father, claimed that he knew it was time to get out of the stock market when he got investment tips from a shoeshine boy. On that moment Joe Kennedy had the intuition that we were at the end of the bull market and subsequently he decided to short the market and became .. multi-millionaire ! https://www.4investors.eu/post/the-shoeshine-boy-indicator https://www.4investors.eu/post/the-shoeshine-boy-indicator Similarly, when I saw the crypto Super Bowl ads, I knew the bubble was about to pop.
- whymauri 4y agoDid you short crypto?
- cato_the_elder 4y agoAren't a lot of job offers accepted by email these days? So what's the problem with rescinding them by email? This is not like firing someone who has a established relationship with a company and might see his coworkers as friends etc. over email.
- db48x 4y agoI kind of agree, but to get an offer letter you surely must have had at least one telephone call or video conference, if not several hours of in–person interviews.
- cato_the_elder 4y agoIt seems that they are paying a severance package of two months of base pay to try to compensate for that. [1] [1]: "The details surrounding the severance package are unclear, but some affected workers on Blind alleged they would receive two months worth of base pay; a representative from Coinbase did not provide further comment."
- db48x 4y agoYea, apparently there are some compensating factors. Still, an email to tell you that they’re rescinding the offer is the easy way out; it avoids an awkward telephone call. It is easy to see why they went that route. I agree that it’s not the worst thing in the world though.
- yojo 4y agoThis is meaningful and deserves more prominent placement. If you’re going to rug pull someone paying out $10k+ certainly takes some of the sting out. I would love to have an offer rescinded with pay. If the company’s prospects are really that dim I wouldn’t want to join anyway. Getting a cash bonus to go somewhere else is even better.
- adw 4y ago10k doesn’t cover search costs. What about health insurance, for example?
- deleted 4y ago[deleted]
- dehrmann 4y agoSince this is essentially a coward's layoff, you might as well do a real layoff. It's hard to believe that they needed to cut back enough to not bring on a ~month's worth of hires, but not so much they they should do real layoffs.
- redisman 4y agoThey will probably do both. Bubble companies have been hiring for fun and “growth” for years. According to their website they have 4900+ employees!
- wozer 4y agoIs this legal in the US?
- ceejayoz 4y agoEverywhere except maybe Montana, the only non-at-will state. edit: Not even Montana. At-will for the first six months; fire for any legal reason. Protections kick in after that.
- tzs 4y agoEven if the Montana non-at-will provisions kicked in immediately, would it matter? Non-at-will usually just means that that the company can only discharge people for categories of reasons enumerated in the law. In at-will states the company can terminate for any reason except for reasons that are specifically forbidden by law. The acceptable reasons to discharge people in a non-at-will jurisdiction is likely to include reducing costs when the business is facing a downturn.
- smrtinsert 4y agoMakes me want to find a new exchange.
- erehweb 4y agoLinkedIn should set up a code of practice that bans this. Rescind offers? Then you can't advertise on LinkedIn for the next 5 years, and we won't host your job posts either. That would change the calculations at these companies and make the jobs marketplace better, at little cost to LinkedIn.
- was_a_dev 4y agoIs LinkedIn really that large of a recruitment source? They certainly don't have a monopoly on it
- tarellel 4y agoI'd think so, I get dozens of recruiters reaching out every week. My current position I started a few months ago from a recruiter show reached out to me through LinkedIn as well.
- claytonjy 4y agoA recruiter reaching out directly (warm leads) is very different from a LinkedIn job posting applicants apply to themselves (cold lead), and much harder to prevent. Of the recruiters I hear from, almost none of them point me to a LinkedIn job posting.
- duxup 4y agoHow would linked in even know with any certainty that such a thing happened? Recruiting may have had nothing to do with Linked in. I don’t expect them to police other companies this way for me.
- erehweb 4y agoHow would LinkedIn know? In this case, everyone knows. In a more general case, a candidate could provide proof. Coinbase has several jobs posted on LinkedIn. I expect LinkedIn to filter out companies that are outright scams. Rescinding an offer is just one step above that.
- chromejs10 4y agoCompanies that are rescinding offers are just terribly managed companies. If you're in that bad of shape, then you should have done a hiring freeze months ago and there shouldn't have been any offers left to rescind (sure, there are odd ones where maybe they accepted 3 months early).
- fullshark 4y agoNot many companies expect or plan for their valuation to drop 75% in 6 months, that's gonna lead to tough choices. In the case of coinbase I'm guessing they're also seeing trade volume (and therefore future revenue) plummet and don't project it to increase anytime soon. Not sure this is evidence of a horribly managed company so much as a company dealing with a crisis and doing costly things to their reputation to manage it.
- chromejs10 4y agoI mean, if you're in the crypto business you should have more foresight than that. It's literally the definition of a volatile market
- davesque 4y agoCrypto has been that volatile for years. If they didn't see that coming, they have their heads up their asses.
- iLoveOncall 4y ago3 months ago the stock market was at or near an all time high, I don't see how they could anticipate the current economic downturn.
- cratermoon 4y ago"No one could have predicted a thing that happens regularly in the current economic system"!
- dilyevsky 4y agoIt’s june already so no it wasn’t. The writing was on the wall in November and Fed had clearly telegraphed their intent that this is going to happen
- drfuchs 4y agoStill a lot better than having you show up and then get laid off a week later. Typically happens in larger companies where your boss’s boss doesn’t know that his boss’s boss is about to lop off your department because her boss’s boss has to cut expenses.
- 1024core 4y agoA Coinbase recruiter sent me an email a few months ago with this emoji https://emojipedia.org/emoji/%F0%9F%93%88/ https://emojipedia.org/emoji/%F0%9F%93%88/ in the subject line; I politely told him that the emoji was rotated 90 degrees...
- irrational 4y agoI think this is the third time I've seen this in my professional career. First during the dot-com bubble burst in the early 2000s. Then during the 2008 recession. Now again we are starting to see news everyday about another company going through layoffs. Soon there will be a tsunamai of hiring freezes and layoffs as every company gets in on this. If the past is anything to go by, things will be bad for a number of years, but then will greatly improve on the other side.
- smilebot 4y agoProbably an unpopular opinion here but I think they handled it in a classy way. Severance and assistance with your job search? That’s very nice of them. Other companies like Meta rescinded too, I’m not sure if they offered severance. Maybe just a generic email?
- swingbrother 4y agoMeta did not really rescind in general. It was only a couple of very specific cases, such as not winning the H1B lottery they did rescind the offer.
- haltingproblem 4y agoI would nor even count that as rescinding the offer. All offers including at firms actively hiring are contingent on candidate receiving work visas.
- fma 4y agoI didn't hear about Meta rescinding so I googled a bit. A few sources came up and it looks like it was a pretty specific scenario(s) about contractors, visa etc...but regular straight up offers are still good. This summarizes a few other searches I found: https://www.teamblind.com/post/Is-meta-really-rescinding-offers-at-E3-E4-exviNecD https://www.teamblind.com/post/Is-meta-really-rescinding-off... I could be wrong but that's what I found.
- coffeefirst 4y agoI mean, they may intend it as kindness, but it's also cheaper and easier to put that option up front than to deal with lawyers from each person who had a signed offer rescinded.
- polio 4y agoMeta did not rescind at scale. I recall seeing one Canadian new grad who was under the impression she'd be able to work at the Toronto office but which was rescinded for whatever reason. They followed up and were able to re-make the offer, though.
- 4y ago
- axpy906 4y agoA lot of these rescind offers are popping up on my social feeds. The majority appear to be foreign nationals who require work sponsorship to stay in the US.
- polote 4y agoAlready been discussed yesterday https://news.ycombinator.com/item?id=31600505 https://news.ycombinator.com/item?id=31600505 It is no different than been fired I don't understand the noise it is making
- prezjordan 4y agoIt's a bait-and-switch. People left their jobs for new opportunities that were taken from them.
- rvz 4y ago> It is no different than been fired I don't understand the noise it is making Exactly. Not sure what the fuss is all about other than these companies not caring about you. I've seen worse and Fast straight up shut down [0] after assuming that the VCs will just bankroll them despite Fast making little to no money for years with an extremely inflated valuation in the multi-billions. I think lots of people have also forgotten the change of policy that Tesla, Meta, Apple, and Google said about the 'Working from Home' option in the job description. Before it was 'we're 100% remote', then it was 'you can go remote but you'll get a paycut if you do', then it was 'back to the office by spring 2022' and now some employees who are back at the office are also having their benefits cut. With any company, 'nothing' is guaranteed. Once again these companies DO NOT care about YOU. [0] https://www.axios.com/2022/04/06/fast-checkout-startup-collapse https://www.axios.com/2022/04/06/fast-checkout-startup-colla...
- 4y ago
- formercoder 4y agoI spoke with Coinbase at a time where I was trying to get away from a job where I worked 70-100 hour weeks. I would always tell recruiters I was seeking better WLB as I didn’t want a company that would have a problem with that attitude. I was told by multiple people that late nights should be expected and Coinbase was not a 40 hour per week company. Further - there are 4 weeks a year where the company shuts down and everyone is “encouraged” to take their vacation during those times. Personally I like to select the weeks that I am off work. The comp was good but I ended up at Google making the same money with great WLB. My equity has been hit far less hard by recent market turmoil as well. Can’t even imagine getting a 6 figure equity package and having it devalue 70% and then grinding long hours.
- alphakilo 4y agoFWIW the 1 week every 4 months is on top of your vacation, not "encouraged vacation", but rather a company wide recharge week I agree those who started in the 6 months after IPO got the short end of a stick. The current packages are based on 90 day moving average IIRC. At least the grants being yearly helps in this case
- randomopining 4y agoSo how down is a typical comp of a senior engineer at CB?
- morpheos137 4y agoIt's almost as if a business built on providing services for a half-baked libertarian meme / postmodern decentralised ponzi scheme has poor long term stability prospects.
- elzbardico 4y agoIn a civilized country with decent labor laws, this would be unthinkable
- devoutsalsa 4y agoMeh. Personally I’m willing to take a higher salary in exchange for fewer protections.
- elzbardico 4y agoHigher salary but with less public services and more insecurity, in the end, it doesn't matter much. Shit happens, trust me.
- rococode 4y agoThe cruelest part of this: https://twitter.com/TeamBlind/status/1532769735393169410 https://twitter.com/TeamBlind/status/1532769735393169410 2 weeks ago they sent out emails saying "we will not be rescinding the offers of any employees who have already signed or have received an offer from us". They then proceeded to rescind offers from people who received this assurance. 2 weeks is long enough that people signed leases, resigned from jobs, moved cities. And yet it's also short enough that Coinbase leadership was certainly already preparing to make this decision.
- Ferrotin 4y ago> And yet it's also short enough that Coinbase leadership was certainly already preparing to make this decision. You don’t need any “preparation” to make this decision. Information changed, and a new course of action is taken.
- hinkley 4y agoThese are hallmarks of people being uncomfortable having difficult conversations. Either because they can’t, or they’ve been punished for trying by someone higher up.
- onemiketwelve 4y agoIsn't this a promissory estoppel?
- xpe 4y agoWould someone with legal experience care to weigh in?
- encryptluks2 4y agoI mean in all honesty it these prospective employees can hold out and get good counsel they may end up with 5+ years of salary in settlement negotiations.
- xpe 4y ago5 years? Why? What has your experience shown you?
- exdsq 4y agoRemember Coinbase is a YC company and they just received that email about ‘surviving’.
- mathattack 4y agoLet’s ask “Why are they doing this?” I will start by saying most indications are that the management is very rational. Sometimes companies use downturns to get rid of people that they haven’t managed properly. It’s lazy, but cutting the bottom 10% in a layoff can be less short term work than performance reviews. They avoid the PR issues by saying “everyone is doing it.” This isn’t what Coinbase did. If companies are cash flow negative and can’t get funding, they may reneg on offers too. This is what the banks did it 2008 and tech did in 2001. People see the burn and get it. The firms survive the reputations damage because they can say “we don’t want you to join if we are about to go under and we need to save cash.” This isn’t what Coinbase is doing. Coinbase is still cash flow positive and has positive earnings. So why are they doing this? My sense is they see what’s coming. It’s either volume will shrink, leaving them unable to cover fixed costs, or some other seismic shift in crypto that will cost them a fortune. They are rational and have tremendous data on the crypto world. To me this is an incredibly bearish sign. But it’s also a very prudent sign on their part. (They feel the current risk is higher than future hiring challenges) Please don’t take this as investment advice on COIN or crypto.
- asd88 4y agoApparently, folks with offers received an email two weeks ago, when the hiring freeze was announced, saying no offers would be rescinded. Did management change their minds in just two weeks?
- deleted 4y ago[deleted]
- renewiltord 4y agoRecruiting handles those emails and they're usually not privy to strategic decisions since they're not really strategic operators.
- azemetre 4y agoManagement is often not privy to these details. I doubt more than two dozen people knew about the news internally before they publicly disclosed it.
- cratermoon 4y agoSounds like we need a blockchain for job offers.
- cokeandpepsi 4y agoOne of the dirtiest things a company can do
- deleted 4y ago[deleted]
- dixie_land 4y agoI wonder how many excitedly gave their current boss a middle finger after getting that 7 figure offer from coinbase. I know for a fact you can go back to the same team (and same level) in many FAANG companies without even interviewing. If you left on good terms that is.
- edwnj 4y agoThis is a very bullish sign (mid-long term). They see the writing on the wall and are doing a swift full throttle u turn. Nobody likes doing this kind of stuff, its really bad for PR, really bad for the stock (short term) and messes with morale.. So for them to do with when they have billions in cash is very kewl. Props to Brian and the team
- skyzyx 4y agoWhen I interviewed at Coinbase 6 years ago, the interviewers felt egotistical and borderline incompetent. After I’d interviewed, they decided to change the open req to a different role. By “egotistical”, I mean that the interviewer clearly believed he knew more than he actually did. It was that “I’m hot shit” vibe. I have worked across several roles in this industry over the last 20 years, and there was clearly inexperience on the other end of the phone. That told me everything I needed to know about the company, and I was happy to move on from that experience.
- browningstreet 4y agoCalling this rational is a mistake, it’s unconscionable.
- wly_cdgr 4y agoIt's not great, but how bad it is depends heavily on how they're compensating the people they did this to. Like, if everyone affected gets an immediate lump sum payment equivalent to say 4-6 months salary, it would be really not so terrible. The mere 1 month of salary they offered, though, is obviously completely unacceptable
- butfreemrkt 4y agoCorporations manipulate human agency at scale for their benefit. Film at 11. Please father, may I have another? I’m afraid I did not learn my lesson last time, says public through apathy to adjust agency. Plenty of impotent rage and frustration. Hardly any exceptional deviation from routine of it. Such grit. Last I checked, nothing is stopping teachers, nurses, programmers, from quitting and signing up their community to take advantage of their services. Give a minority of bean counters authority to count your beans, don’t be surprised when your allotment comes up short. Corporatism is effectively quota based communism everyone is afraid of; “your skills earn you this much per annum! No more! Remember the fundamentals!” Secular propaganda repeated over and over to make it stick. Advertising and marketing spawned from WW2 propaganda research. They’re intentionally targeting biology religion stumbled upon.
- hackernewds 4y agoCoinbase is a dumpster fire. I moved states and they suddenly disabled my account. Which is fine, but they have now been holding my staked Ethereum hostage with no ability to withdraw.The support team has no capacity, ability nor the company has installed much incentive to help (besides hitting their resolution time metrics) even if they were willing. I only air this out publicly since, it seems by design that they want to delay or prevent withdrawal of your funds. And there is no other recourse. Explicitly caution everyone to move your holdings to a hardware wallet, and never stake anything on Coinbase. Not your keys, not your coins.
- mmerickel 4y agoTo be fair they are quite up front when you stake Ethereum that you cannot withdraw it before the network itself supports it... Hope they re-activate your account though!
- deleted 4y ago[deleted]
- jlmorton 4y ago> holding my staked Ethereum hostage with no ability to withdraw. I mean, it's been pretty explicitly warned that you can't withdraw until the Eth2 merge. This is not a Coinbase issue, this is a staking issue.
- bspear 4y agodumpster fire sounds right. their support team is also basically non-existent, so if you ever have questions about your account, expect multiple days of waiting
- princevegeta89 4y agoOne of my friends recently interviewed with them. He told me about the experience he had and it seems like the worst experience I've ever come across. The interviewers he had were working on their job during the sessions, and one guy wasn't even allowing a quick Google search for some python 3.5 syntax reference. The questions asked also seemed to be outrageous and silly for a 45 minute session. Felt like their process suits Machines rather than actual engineers lol. Additionally, the entire process according to him was badly mismanaged by the recruiter so it feels like one of the worst companies to work at.
- blintz 4y agoThe detail that they also reassured the people with offers that their offers would not be rescinded two weeks ago is wild. Did they expect this not to leak? Why weren’t they transparent about this total about face in the initial announcement? https://twitter.com/teamblind/status/1532769735393169410?s=21&t=OTV7iF6XvN4jzkFwQ9N6xQ https://twitter.com/teamblind/status/1532769735393169410?s=2... The only thing I can think to do is gently blacklist this company (personally and amongst friends). This kinda behavior needs to have some kind of consequences, I think.
- dang 4y agoRecent and related: Update on Hiring Plans - https://news.ycombinator.com/item?id=31600505 https://news.ycombinator.com/item?id=31600505 - June 2022 (466 comments)