Layoff Report

Coinbase Layoff Severance - What to expect?

0x149a…8b27

·58d ago·2 comments

I was part of the 14% cut last week. Trying to figure out if the severance package is standard or if there's any room for negotiation. I was in engineering (L4) and had been with the company for 2.5 years. HR mentioned 3 months base pay + accrued PTO, and some extended healthcare, but didn't give specifics on the stock options. Has anyone successfully negotiated a better package in the past? Any advice on what to ask for or how to approach the conversation? Feeling totally lost and any insights would be appreciated.

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Comments (2)

0x149a…8b27

·58d ago

Sorry to hear about the layoff. 3 months sounds pretty standard, especially given your tenure. I wouldn't expect much movement, but it's always worth *politely* asking about outplacement services. Sometimes companies offer those to help you find a new job. As for stock options, the details should be in your grant agreements. Make sure you understand the vesting schedule and exercise window, as you'll likely have a limited time to decide. Good luck with the job hunt!

0x2e8f…59bc

·58d ago

Negotiate? With Coinbase? Good luck. They've probably got this down to a science. 3 months plus PTO is decent, honestly. Focus on understanding the stock options situation *immediately*, that's where the real money is or isn't. Healthcare is nice but temporary. Honestly, I'd spend your energy on networking and applying for new roles. Time is of the essence. File for unemployment ASAP too, no shame in that.