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102 sats \ 1 reply \ @gmd 15 Jun 2022
Smart move to rip the bandaid off early and get ahead in terms of runway in case it's needed instead of extending the pain. Probably easier for employees to find a job as well before unemployment rises.
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70 sats \ 0 replies \ @k00b OP 15 Jun 2022
It just feels kind of weird to transition from hiring aggressively -> laying off 1/5th of your staff within a couple weeks. I had always associated layoffs with companies that were stagnating.
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100 sats \ 0 replies \ @BeefCurtin 16 Jun 2022
Not only has this downturn been a great release of financial capital into strong hands, but the positive of shitcoin companies laying off employees is it means there is also a release of human capital that could potentially flow into strong, more ethical bitcoin only companies. Fantastic opportunity for companies like Strike.
This is how you drain shitcoins of resources.
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31 sats \ 0 replies \ @gms 15 Jun 2022
👀 https://twitter.com/milessuter/status/1536693517204000769
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1 sat \ 3 replies \ @thrown 15 Jun 2022
14 weeks minimum severance is amazing. I was offered 10 weeks only because i was at my company for 5 years LOL
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0 sats \ 1 reply \ @k00b OP 15 Jun 2022
I suspect the severance is so significant because the layoffs were so abrupt.
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0 sats \ 0 replies \ @thrown 16 Jun 2022
Mine was extremely abrupt as well lol
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0 sats \ 0 replies \ @faithandcredit 15 Jun 2022
so basically they are thinking the bear market will last longer than 14 weeks?
Also, is this a bottom signal? Capitulation?
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0 sats \ 0 replies \ @yakshaver 15 Jun 2022
Coinbase is a large US based and regulated shitcoin casino. They are worried about what comes next from regulators after the huge Luna and Celsius Ponzi's imploded.
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