'Corporate mushery' 😬 Coinbase is trying to make amends after withdrawing job offers from new recruits — but Crypto Twitter isn't impressed 😤
The list itself reveals that Coinbase has slammed down on the brakes — and hard. Already, more than 320 people are named.
"Following our recent hiring update, there are some exceptionally talented individuals looking for their next great role. Today we are launching the Coinbase Talent Hub to help connect these folks with those opportunities.
And Stephen Palley, a partner at Anderson Kill, blasted Coinbase for "corporate mushery" by using the phrase "hiring changes" in its tweet — and said the exchange should have been more honest: these were layoffs.Sam Bankman-Fried, the CEO of FTX, has vowed that the trading platform's headcount will continue to grow.
SBF warned companies that grow their headcount by 10x aren't always rewarded with a 10x productivity boost — and there's a risk that, the more you hire, the less you get done.
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