Saturday, December 10

Coinbase Introduces a hub for rescinded hires to connect with the future employer

Coinbase has created a directory of rescinded hires to connect them with other opportunities in the wake of revoking their offers. The hub already has over 300 submissions.

The Coinbase Talent Hub, which allows rescinded hires to add themselves for visibility to other recruiters, currently lists 323 candidates at publication time.

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The directory includes the name, discipline, work authorization, visa status, and contact information of individuals affected by the hiring changes. It also includes a job board with over 93 companies searching to fill 481 open roles. Coinbase put on the air that it would rescind some accepted job offers last week to weather challenging market conditions and the general industry downturn.

At that time, the exchange firm said it was not obvious how many offers would be rescinded or how long the hiring pause would last. The move followed an initiative to cut spending and slow hiring to grow revenue. 

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Since then, many on Twitter have reported receiving a notice that their offer had been revoked. Presently, Coinbase Chief People Officer  LJ Brock said in a Tuesday blog post that the firm is “committed to helping these exceptionally talented individuals in the next stage of their careers,” by making the directory as visible as possible to potential alternative employers.

“We aim to help create a career-defining moment for these folks — just not the one we had originally intended to,” said Brock in the post.

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