Uh Oh....The Layoffs Begin

1100 people!

wow, good thing I didn’t get an interview there. I was trying to get in the fall after being bored at work. ha

This thread will be busy for a while.

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Sad for all the folks affected at COIN. Hope they land roles elsewhere. But this was coming, particularly after rescinding offers.

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Market changes so fast. Not long ago, SWEs are demanding ridiculous pay rise e.g. @marcus335 story that one demanding $700k for a $400k job. Now, they are being layoff en masse.

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Gave him excuse to fire ppl without layoff package, Most company layoff will happen soon anyway. Broadcom/vmware buyout will probably layoff 30-40% of the workers. probably more big merging acquisition will happen in the next year

Thought Elon Musk believes in free speech.

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free speech for me, not for thee

They have their freedom to make those points and he has freedom to fire them. :wink:

Come on now. Elon is super petty. Get on the same page or get out basically.

Should not surprise anyone

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Why do companies do this? You can’t find some a few deadweights to trim?

ethics applies to only employees. Employers can do whatever they want with no ethics. Interestingly many employees support this!