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It 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 pack
by cato_the_elder 4y ago
It 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 I would love to have an offer rescinded with pay.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?
- yojo 4y agoI personally always line up multiple offers when job hunting. Much better for negotiations. In all cases I’m sure one of the companies I turned down would take me back if my first choice turned out to be a dud. YMMV, but it seems like there’s more incentive than ever right now to make sure you’ve got more than one offer when job hopping.