Comment by prewett

1 day ago

> this is about as good of a layoff email as he could have sent.

Except for that tone-deaf part at the end, where right after he talks to the people who "will be leaving" (that is, the people getting kicked out), he says that Coinbase will be stronger and healthier for this. Which makes it hard not to draw the conclusion that the people "leaving" are part of the unhealth.

The CEO probably does not even think that, and just wants to reduce costs. But from what was written, the implications are decidecly suboptimal.

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prewett

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bombcar  16 hours ago

It would be amusing but counterproductive to have a layoff email talk about how they’re firing their best and smartest employees.

  • blitzar  6 hours ago

    If you are really doing a reorg / restructure / reimagination you would likely be losing some good and some bad, some new employees and some people who have been there since day 0 (and everything in between). I think it would be productive to acknowledge that.

    But the reality is it is a standard MBA driven "bottom x%" cull dressed up with some 4d chess strategy.