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Coinbase seems to have an extraordinary number of managers for the number of engineers who are actually shipping code. I think there are situations where direc
by radicaldreamer 4y ago
Coinbase seems to have an extraordinary number of managers for the number of engineers who are actually shipping code.
I think there are situations where directors were managing 3-5 ICs while taking home near 7 figure total comp.
This layoff corrects some of the issue, but is likely still not aggressive enough (at least for the management stack) for the market we're in.
Much of the staff hired through the last two years does not contribute to revenue generating products -- almost everything shipped in the last two years has not added incremental revenue to the company's bottom line and the company is operating on lower revenue but much higher costs for the last year.
- pmmertens 4y agoWilling to bet big that it wasn't the managers who got the axe.
- renewiltord 4y agoHow much? And would you be willing to proxy using LinkedIn tenure-ends?
- duxup 4y agoIn my experience first level management is treated as expendable as anyone is.
- duxup 4y agoI can’t imagine having much of anything to do if your job is “management” and you have 3 to 5 ICs….
- brianwawok 4y agoCash a check and browse hacker news.
- FireBeyond 4y agoIncident Command (NIMS) best practice is that someone's effective span of control is 3 to 7 people, with 5 being optimal. Beyond that, you lose the ability to easily keep track of people's status.
- duxup 4y agoWhat qualifies as “track of people’s status”? What they’re doing at any one moment?
- Push_to_master 4y agoThe amount of bloat they acquired over the pandemic is pretty insane. I was interviewing for a position at coinbase in 2021 and man, it was the worst interview process I have ever gone through. All technical interviews seemed to be extremely specific around knowledge for tools outside of what I was interviewing for. (Senior/Staff level IAM) I am not sure why an IAM engineer needs to be asked tons of questions about specific big data and ML libraries but that level of bad interviewing made me tell them no before finishing all of them. The real red flag though was that not 1 interviewer had been at CB for longer than 3-9 months. It sounded like in 2021 alone the company 2-3x'd headcount. I can only imagine the absolute shit show that must've been on the inside. I still think CB seems like one of the better companies in their sector, but compared to the larger tech industry, I think it still has some maturing to do.
- sargun 4y agoWhat's an IAM engineer? Someone that configures AWS IAM policies?
- JaimeThompson 4y agoI'm pretty sure it is stands for Identity and Access Management but could be totally incorrect.
- mancerayder 4y agoNot specifically AWS, but the entire space of identity and authorization, including organization of permissioning of groups within platform apps and corporate apps.
- coffeebeqn 4y agoCOVID + biggest crypto bubble (so far). I can’t imagine what a sustainable level for them is. For what it’s worth I found their site totally usable if high on the fees but I’ve lost all interest in the fools game of crypto