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Wow. The language is nice but the behavior is horrendous. Also illegal in many parts of the world: IDK if they have employees in Europe but if they do it will b

by bambax 4y ago

Wow. The language is nice but the behavior is horrendous. Also illegal in many parts of the world: IDK if they have employees in Europe but if they do it will be a big mess. Suddenly cutting off an employee from a company, with no way to even say goodbye to their former colleagues, is despicable. It really shows who you are. Let's hope they will have a hard time hiring back anyone in the future. Edit: as pointed out in many comments in this thread, this is apparently "normal" in the US. Point taken. (But if it is, then it's a little strange that the CEO felt the need to justify it.)

nemo44x 4y ago
It’s totally normal here and done to protect the company. It’s one of the reasons Americans are paid considerably more than Euros. Companies can take on more risk and pay more because they aren’t burdened with strict employee relationship laws. What Coinbase is giving in severance is quite generous. They don’t have to do that but it’s really nice and I’d say it improves their reputation. These types of things (layoffs) happen and they’re taking care of their ex-employees.
- ausbah 4y ago
  most US companies wouldn't be giving severance anywhere like this, much less severance at all
  - nemo44x 4y ago
    Right, which is why I said it improves their standing for future employees who know that if something goes south, they'll take care of them.
parasubvert 4y ago
It’s incredibly common to walk employees out in a layoffs in North America, like 90% of the time. You might get a chance to pack your belongings, but sometimes they’ll pack them for you and mail them, or you can book an appointment to do this. given the pandemic, this is less of an issue. Not saying it’s great, but this policy is the result of historical sabotage other problems of prolonged layoffs.
anarticle 4y ago
2008 speaking: It is totally normal. We fly high ($$$) and it's part of the game. It's not personal, the company is in trouble and they're making moves to save themselves. Many places will be happy to hire ex Coinbase people.

by bambax 4y ago

nemo44x 4y ago

It’s totally normal here and done to protect the company. It’s one of the reasons Americans are paid considerably more than Euros. Companies can take on more risk and pay more because they aren’t burdened with strict employee relationship laws. What Coinbase is giving in severance is quite generous. They don’t have to do that but it’s really nice and I’d say it improves their reputation. These types of things (layoffs) happen and they’re taking care of their ex-employees.

ausbah 4y ago
most US companies wouldn't be giving severance anywhere like this, much less severance at all
- nemo44x 4y ago
  Right, which is why I said it improves their standing for future employees who know that if something goes south, they'll take care of them.

parasubvert 4y ago

It’s incredibly common to walk employees out in a layoffs in North America, like 90% of the time. You might get a chance to pack your belongings, but sometimes they’ll pack them for you and mail them, or you can book an appointment to do this. given the pandemic, this is less of an issue. Not saying it’s great, but this policy is the result of historical sabotage other problems of prolonged layoffs.

anarticle 4y ago

2008 speaking: It is totally normal. We fly high ($$$) and it's part of the game. It's not personal, the company is in trouble and they're making moves to save themselves. Many places will be happy to hire ex Coinbase people.