No sooner had the 32-year-old developer joined Coinbase Global Inc. than he was on his way out.
The developer, who asked not to be identified talking about his workplaces, joined the largest cryptocurrency exchange in the US last year from a tech giant. He was lured by a base salary of $175,000 and a generous stock option package. Back then, the crypto markets were riding high.
Within months the markets were crashing and colleagues around him, who had converted some of their pay to crypto, began to panic. He jumped ship before his own shares in the company could plummet, and before the firm cut 1,100 staff, or 18% of its workforce, in June.
He initially left Coinbase off his resume as he began to look for another job. In fact, his time there turned out to be a blessing. After interviewing with Wall Street companies, he joined Facebook’s parent company Meta Platforms Inc. this summer on a base salary close to his previous one.
Meanwhile, one software engineer who was let go by...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...