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[deleted] t1_j3rf1zu wrote

Reply to comment by [deleted] in Coinbase to slash 20% of workforce in second major round of job cuts by ChocolateTsar

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[deleted] t1_j3ru7oz wrote

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[deleted] t1_j3swsbb wrote

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LFCsota t1_j3sy8mk wrote

You literally just described what C level executives are supposed to do and then bemoaned OP for having the audacity to do their jobs.

No one is asking to predict the future to be perfect, just to guide the company in a manor to success over the next couple of years. That's their job. Big picture, long term. And this requires to have a thumb on the market, make predictions and make sure the company is moving in a direction to face those predictions the best they can, whether but good times or bad times.

So yes, crypto companies should be trying to predict the future, and if it is bad, they should be making cuts sooner rather than later. You can't expect running a company to be sunshine and roses at all times. The market is what the market is and you need to act accordingly. You are naive to suggest a company preparing for a bad event is them betting against themselves.

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[deleted] t1_j3sypby wrote

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LFCsota t1_j3t02ga wrote

You are now agreeing with OP but yet we are wrong and you are right.

OP whole point was they misjudged things with the hiring freeze and that was due to bad leadership. They didn't change that at all.

You are agreeing they should make cuts but saying OP is naive for suggesting it?

You either lack skills in conveying your point or you are changing your outputs and points to make yourself look right after people disagree with you.

And at end of the day, every god damn red flag is on the wall for cryptocurrencies so yeah they fucked up by thinking the crypto market could sustain the crazy growth when it produces nothing and relies on someone else holding the bag for you to profit. No one expected the growth and no one should have expected continued crazy growth. they should have planned for the inevitable collapse.

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