5 ms·

Unless he resigns along with the people he lets go, there is no accountability.

• cj 4y ago
  Would that really be desirable for the 80% who remain? More than likely, any career CEO who would be brought in to replace him would likely continue staffing cuts, not reverse them.
  • etchalon 4y ago
    Generally speaking, if the current pilot has ran your plane into a mountain twice, you probably want a new pilot.
    • cj 4y ago
      (Genuinely curious) how did he fly Coinbase into a mountain? (Other than the layoffs which are happening across the board at nearly all big tech)
      • bushbaba 4y ago
        That way over hired. The company missed the nft wave. And their expenses went out of control. A good ceo would have recognized during the first round of layoffs a deeper cut was necessary to bring the company to profitability.
  • somenewaccount1 4y ago
    He could forgoe 75% of his compensation though, and I doubt he will, because not actually accountable.
    • saalweachter 4y ago
      Hell, he could drop down to the 2x employee salary ratio from the 1960s.