102 sats \ 1 reply \ @gmd 15 Jun 2022 \ on: Coinbase CEO says it is laying off 18% of its workers bitcoin
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.
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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