Coinbase Retracted Job Offers to Recruits From Some of Wall Street's Biggest Banks

rug pull


https://www.bloomberg.com/news/arti...y-coinbase-job-offer-retraction?sref=vuYGislZ


Coinbase Retracted Job Offers to Recruits From Some of Wall Street's Biggest Banks
By
Misyrlena Egkolfopoulou

June 9, 2022 at 12:10 PM PDT

Individuals from at least 10 of the biggest financial firms left Wall Street to join Coinbase Global Inc. only to have the company rescind their employment offers.

Goldman Sachs Group Inc., Morgan Stanley, BlackRock Inc., Wells Fargo & Co. and Citigroup Inc. were among the firms that people departed to join Coinbase, according to a talent directory posted by the company. They’re part of a group who last week received an email from the largest US cryptocurrency exchange rescinding offers and announcing a freeze on hiring for the “foreseeable future.”

A Coinbase spokesperson declined to comment, instead pointing to a June 7 blog post by the company’s chief people officer announcing a new talent hub to help the affected individuals. So far, more than 300 individuals have appeared in the portal.

Coinbase was also hiring software engineers from banks including Credit Suisse Group AG, Capital One Financial Corp. and Goldman Sachs, as well as hedge funds Millennium Management and AQR Capital Management. Several tech companies, including Uber Technologies Inc., Amazon.com Inc., Meta Platforms Inc., Twitter Inc. and TikTok, were also listed in the hub.

Coinbase cited market conditions and ongoing business “prioritization efforts” for forcing it to freeze hiring. Along with the plunge in crypto prices, Coinbase shares have tumbled by more than 70% since its April 2021 initial public offering.

The company ballooned to 4,948 full-time employees from about 1,700 just a year ago.

 

only a moron would leave a major bank to work for a ponzi promoter like coinbase

I think even THEY (coinbase) realized this, and made up a story to justify sending them packing.

If those banks are smart , they fire them or wont take them back , whichever applies.

 

At least a rugpull is standard for the industry.

 

Rug pull since 12 years ago, website giving away 1,100 BTC's for every visitor to the website gets 5 BTC. Scam!! stay away!!

 

what were these people doing at the banks?

tellers? back office? accounting?

 

prob robbing the customers, same as they planned to do at coinbase

 

Wow -- crypto folks getting desperate. Just say "project," "utility," and "community" enough times:

 

$COIN at $300+ was the short of a lifetime

 

I figured out they were full of crap long long ago . Who knew there were so many suckers in the world, with money.

 

johnarb thinks that if 1% of the people bought low , than the 99% who get slaughtered dont matter