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Comment by outside1234 | Hacker News Reader

1 month is no where near enough. Folks probably left money on the table at the previous job to join Coinbase and now are going to be at a significant disadvantage negotiating for their next position.

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One month severance is perfectly reasonable. They're under no obligation to make sure people are in a better position than they were before, and if someone walked away from options, etc at a previous company that's their business. One month is enough time to find a job if you aren't choosy.

You have to draw the line somewhere. When the economy goes south, guess what? People will be out of work. I don't know why white collar workers seem to think they need to be isolated from all bad events.

The article says they're paying out two months severance.

The only way 1 month severance is acceptable is if it becomes acceptable to give zero days notice to your old job, so you can ensure that you actually do start the new job

there actually is legal precedent that they are under obligation to not cause losses through lying. Promissory estoppel is the term and basically it means that if you incurred expenses or lost gains as a result of a false promise (like a rescinded job offer) the party making that false promise may have to make you whole.

So things like lost bonuses or options or moving expenses are very much something that Coinbase need worry about

Some folks may have spouses or partners change jobs at the same time in preparation for a move. Coinbase should have paid a lot more than 1 month.

And what is this nonsense about paying severance in cash? Do they believe in crypto or do they not?

It's a grift.

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