Coinbase lays off around 1,100 employees
I think if employees feel slighted by being fired, they're fooling themselves. The best mindset is that you could be gone tomorrow. It gives you clarity and purpose. It also happens to be the truth.<p>Coinbase was also extremely generous with severance. 12 weeks plus two for every one year at the company, I think. I've had the experience of being let go without notice and without severance.<p>Devs seem a little more grizzled this time around, so I think this mindset is slowly becoming the norm. College grads seem skittish, but they always are.<p>People keep pointing to Armstrong's $110M house like it's some sort of injustice. If you think billionaires should exist at all, then that's one of the least-bad injustices imaginable. It's probably true that no Armstrong, no Coinbase, and 10% of Coinbase is the prize.<p>EDIT: It's actually 14 weeks: <a href="https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12" rel="nofollow">https://blog.coinbase.com/a-message-from-coinbase-ceo-and-co...</a><p>Three and a half months of dev salary is pretty incredible.