Well, Coinbase just did 18% layoffs (that's one gone from every 5-person team). In theory it's nicer if your CEO just tells you basically 'please start looking

Well, Coinbase just did 18% layoffs (that's one gone from every 5-person team). In theory it's nicer if your CEO just tells you basically 'please start looking for jobs now, we don't want to have to do layoffs'. What's so off-putting here is that he's already trying to frame those departures as separating from 'the weakest' (which is disingenuous, because it's old management wisdom that the first to leave in such situations are generally among the best, because those have the best outside options).