Coinbase cuts staff by a further 20%

Re:Coinbase cuts staff by a further 20% by iLoveOncall on Tuesday January 10, 2023 @07:35AM (#34323884)

Why would you need someone with decades of experience to hire an intern or a new grad?

It's customary for a lot of companies to have an interviewer which is above or _at_ the level that you are recruiting. Therefore someone with a year or two of experience is perfectly able to hire an intern or someone that will be hired at the same level as them.

Looking at Amazon for example, "Hire and Develop the Best" is one of the leadership principles, and you CANNOT be promoted if you don't conduct interviews.

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Re:Coinbase cuts staff by a further 20% by reverend_gonzo on Tuesday January 10, 2023 @07:47AM (#34324020)

Inexperienced engineers simply don’t have the experience to make good hiring decisions. Having them being involved in the process is fine, but they should be shadowing someone more senior.

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Re:Coinbase cuts staff by a further 20% by iLoveOncall on Tuesday January 10, 2023 @07:54AM (#34324093)

Well, most FAANGs would like to disagree. But they must all be wrong.

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Re:Coinbase cuts staff by a further 20% by snapcaster on Tuesday January 10, 2023 @08:39AM (#34324675)

They clearly were right? they're all laying off 20% of people. Maybe this is what you meant and I just missed the sarcasm

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Re:Coinbase cuts staff by a further 20% by gjadi on Tuesday January 10, 2023 @08:36AM (#34324637)

I don't have data nor an opinion on this matter, but maybe most FAANGs are successful despite their hiring practice, not because of it.

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