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> It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open posit
by ot 3y ago
> It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open positions for #Binance.
https://twitter.com/cz_binance/status/1537013824666095617 https://twitter.com/cz_binance/status/1537013824666095617
Jun 2022, didn't age well.
- koolba 3y ago> Jun 2022, didn't age well. A public statement lasting a year in the Wild West that is crypto isn’t the worst. Though that’s primarily due to the lowness of the bar.
- arp242 3y agoKnew someone who worked at Binance, as support. I'm sure he's competent enough at his job, but he has no special skills or anything. He made more money than I did as a senior software dev at the time. It seems not only did they hire a lot of people, they also paid them an ungodly amount of money.
- ethanbond 3y agoProbably mitigates the risk of whistleblowers, if you can keep it up.
- CydeWeys 3y agoIt sounds like he didn't make that much money for long. Better to have a real career where you're making good money every year, year after year.
- fatfingerd 3y agoDoing a support role on a titanic is just as much potential beginnings of a good career that pays forever. I've known plenty of devs and bar passing lawyers that got nowhere in their career and plenty of support engineers that followed roughly the same user base across multiple bankrupt software companies.
- freeone3000 3y agoI don’t think those exist. It is much, much better to continually hop when the raises are 20% or more for doing so.
- CydeWeys 3y agoHuh? You don't think real careers making good money exist? I don't know what to tell you. But the main issue here is that someone without any special skills ended up making a shitload of money as a fluke by working at Binance for a short period of time. It's very unlikely they're going to be able to get another job even nearly that good, let alone more jobs 20% better, because they don't actually have real marketable skills and it was just a fluke.
- operatingthetan 3y ago>Huh? You don't think real careers making good money exist? I don't know what to tell you. They were talking about how wages at most jobs stagnate if you are a long-term employee. Which I find to be true as well.
- NSMutableSet 3y agoMy annual comp increases at FAANG are not 20%, but they have been consistent increases of roughly $45,000 a year, for little effort. I suppose it is a trap, but I am still content.
- justapassenger 3y agoHigh salaries are part of the grift. Makes you look really successful (they pay a lot, so they must be super profitable!) and helps, at least partially, select employees who won’t be asking questions, just do their job and collect paychecks.
- baby 3y ago[flagged]
- ThalesX 3y agoIf I sell you a book on how to be succesful, and am not succesful, I have to fake success to get you to buy. So maybe I'll rent a sports car, overspend on my rent, go to holidays I can't afford, etc. because enough people might be fooled to allow me to actually afford these things.
- TrainedMonkey 3y agoHigh salaries makes people want to work there which creates competition which in turn drives prestige. Not asking questions is a little facetious, however it is plausible that things like questionable business practices are easier to overlook when working / applying for a job because $$$. In other words, it's very hard to explain a concept to someone if his livelihood depends on him not understanding it.
- justapassenger 3y agoTons of "financial influencers" have constant videos of them with lambos and other expensive toys. It's basically the same thing - image is everything in speculative parts of the financial market.
- deleted 3y ago[deleted]
- MrYellowP 3y ago[flagged]
- brycelarkin 3y agoCash comp or was he also compensated in tokens?
- Asparagirl 3y agoImportant point — many of these employees were “paid” at least half of their salary in the company’s own scrip, a shitcoin, and with extra social pressure to not convert it to real money.
- rcme 3y agoIsn’t that like any startup? Options in early stage companies are basically shitcoins, and you’re discouraged from selling them.
- arp242 3y agoKnowing myself I probably asked if he got paid in real money or monopoly money, but I don't recall the answer. It's a friend of a friend I've spoken to a few times over the last ten years, and the last time was a little over a year ago (when we talked about his job, among other things).
- gumby 3y agoHope for their sake they were paid in actual money.
- victords 3y agoThey did pay their bonus in some Binance crypto coin, but at least their base salary was relatively high.
- rvz 3y agoRight. so Binance over-hired and over-paid for roles just like the rest of the tech industry in 2021 - 2022 then, as the free money and zero interest rate mania came to an end.
- Canada 3y agoDid they really pay him a high salary, or did he take his salary in BNB which then massively increased in price?
- jdjdjdhhd 3y agoAged not too bad I would say
- musicale 3y ago> saying no to ... stadium naming rights That has actually aged well.