- Coinbase’s hiring freeze has had a ripple impact on would-be workers who had accepted provides from the crypto alternate, just for the corporate to do a one-eighty diploma flip.
- One candidate mentioned he had given up a $406k job to begin with Coinbase this August.
- College students on Visas have been laborious hit, as was the case with Ashutosh Ukey, who mentioned he had accepted a proposal from Coinbase as a substitute of pursuing a Ph.D.
- Nonetheless, all shouldn’t be misplaced, as among the candidates who’ve shared their experiences with Coinbase on-line have obtained help find new alternatives.
The lately introduced hiring freeze by the California-based crypto alternate of Coinbase has had a ripple impact on would-be workers who had already obtained job provides, just for the corporate to rescind them at quick discover.
Coinbase had promised to not rescind any job provides, according to screenshots of alleged leaked emails.
One Would-be Coinbase Worker Gave Up a $406k Per 12 months Job
One such candidate, who goes by the identify of Datadog, shared their experience, stating that they had been supposed to begin with Coinbase in August and had left a cushty job incomes $406k per yr.
Nonetheless, because of the flip of occasions at Coinbase, they’ve obtained two months of severance pay from the crypto alternate. Moreover, they’re now reaching out to their previous supervisor to see if they’ll have their previous job again.
Ashutosh Ukey Had Chosen Coinbase over Pursuing a Ph.D.
Ashutosh Ukey shared an identical expertise on LinkedIn, additional stating that he had chosen to affix Coinbase as a substitute of pursuing a Ph.D. He defined that he had rejected three Ph.D. provides and refused to interview with different corporations setting his sights on the job at Coinbase.
Moreover, Mr. Ukey described his state of affairs as ‘devastating’ as he was to begin engaged on a STEM OPT VISA. He explained:
After having deliberate a lot of the subsequent stage of my life, seeing it disintegrate so rapidly was heartbreaking. If anybody is aware of openings for entry-level Software program Engineering roles (that may sponsor F1 college students), your assist could be very a lot appreciated in these attempting occasions.
Hope As Would-be Coinbase Staff Obtain Provides to Apply Elsewhere
Thankfully, all shouldn’t be misplaced for the would-be Coinbase workers who’ve had their provides rescinded.
After sharing their state of affairs on-line via the varied social media platforms, they’ve obtained recommendation on potential options to their state of affairs, together with provides to use at different corporations.
Within the case of Mr. Ukey, his story on Linkedin at present has over 700 replies with some responses asking him to use to openings at varied corporations resembling Google, Uber, and Chainalysis. Different Linkedin group members have provided to facilitate referrals to corporations resembling Apple and Amazon.
One other Linkedin group member has really useful that he reaches out to the schools that had provided him Ph.D. alternatives and proceed to elucidate all the state of affairs.
Equally, the co-founder and CEO of Kraken, Jesse Powell, has requested any candidate affected by the Coinbase state of affairs to tag the crypto alternate on Twitter if they’re searching for one other position. Mr. Powell’s Tweet will be discovered under.
Tag @krakenfx in case you’re searching for one other position within the area.
— Jesse Powell (@jespow) June 4, 2022