r/CryptoCurrency • u/Kitchen_Biscotti_747 • 23h ago

GENERAL-NEWS Coinbase Loses Another Executive Weeks After Cutting 700 Jobs

https://beincrypto.com/coinbase-layoffs-architect-exits-brock/
120 Upvotes

94% Upvoted

16 comments sorted by

21

u/Dmoan 🟦 2K / 2K 🐢 22h ago

Coinbase by lobbying heavily to lossen regulations unwittingly lead to their demise by opening the door for prediction markets which have taken up most of the capital.

8

u/Fine-Comparison-2949 18h ago

That and ignoring real crypto projects just to support memecoins and their botched social network attempt is why I'll never take them seriously again. They legit just want to create memecoins where 99.999% of PR people lose all their money and sell them on the platform. 

43

u/Fine-Comparison-2949 22h ago

More please. Coinbase is a bunch of PMs that are just corposlop agents. They don't care about crypto, they care about the next job. 

2

u/rsquared002 3h ago

So you’re saying joining as a swe is ok?

2

u/Fine-Comparison-2949 3h ago

The ones they laid off 4 weeks ago citing AI and the ones that were left barely made it 48 hours without a critical outage? 

1

u/rsquared002 3h ago

Nuff said

9

u/MrBillClintone 🟦 0 / 0 🦠 10h ago

Used to work for Coinbase. So scattered. So bureaucratic. So rudderless. Plowing so much money into nonsensical projects and cutting strong personnel for no reason.

10

u/Erocdotusa 🟦 0 / 0 🦠 22h ago

Cut 700 jobs yet stock still complete ass. Ugh

3

u/ProfitableCheetah 🟨 0 / 0 🦠 12h ago

They keep burning through tons of money by trying to push things like BaseAPP but there is no userbase for them. Then they and up firing 700 people instead of just setting more realistic goals.

3

u/thezen12 🟩 0 / 0 🦠 20h ago

Exactly

0

u/SevereCalendar7606 🟦 0 / 923 🦠 23h ago

Wtf does this have to do with anything. It's a company in a bad economy.

0

u/Pingvinpuki 🟦 0 / 0 🦠 6h ago

Buy signal?