2022-06-21
Today's Pragmatic Engineer
Twitter implemented a more strict agile model with Sprint work models. Engineers and managers do not welcome this change.
Coinbase laid off ~18% of its workforce. Slightly earlier, employees started petitioning to remove the leadership positions. In general, the crypto market stagnated, facing a potential winter. This roots in a watershed moment from the colossal downfall of Terra.
Layoffs in big techs accelerated. Luckily these layoffs remain predictable: most are cash-burning companies that rely on VC money to sustain the business. Meanwhile, companies started posting profitability reports with job postings.