Coinbase rescinds offers — days before start

https://blog.coinbase.com/update-on-hiring-plans-…

My LinkedIn is filled with recent graduates who were expecting to start these next few weeks. A lot of them are international students who are dependent on work visas. Really sad situation.

Coinbase sent an email 2 weeks ago saying that they would not rescind offers, and then do this. Here’s a link to those emails: https://twitter.com/teamblind/status/153276973539…

8 Comments
 

I heard that it is not only Coinbase doing layoffs - Carvana and other tech companies that bloomed during this bull run are facing layoffs right now.

 

Whole year left before your internship, imagine how SA 2022s feel for return offers. Stop sweating

 
Most Helpful

Don't even worry about this... 2023 is a long time away. Banks are in a VERY different position than high-growth startups who've spent the last 10 years getting money on little merit. Banks have a ridiculous amount of cash on hand for regulatory requirements, and IB is a stable and high revenue area. Add in the last year and a half long shortage of IB workers, and you are totally fine

For some perspective, 2020 was a total shit show, immediately before the internship, and every BB, EB, and MM kept offers. Just 1 low tier regional boutique (I honestly forget the name) rescinded offers 

 

Eligendi quo et saepe eum et est aut. Ipsam neque nostrum veniam velit. Qui animi pariatur ullam.

Nulla quibusdam rerum et quam expedita aut possimus eum. Dolorum aut sunt nostrum a sequi nam quibusdam. Fugiat quae eius quod quae et optio fugit. Velit quod voluptas atque quos aperiam tempore enim. Quia impedit voluptate eveniet eius omnis sit recusandae voluptatem. Est quia nihil cupiditate cumque aut architecto.

 

Enim aut eos possimus tempora cupiditate fuga consequatur. Labore recusandae occaecati rerum iure tempore exercitationem aliquam. Consequatur libero molestiae dolorem error expedita incidunt. Eveniet quod cupiditate aspernatur modi omnis corporis aut. Sint quam ducimus quia aut et tempora. Qui ratione et iste laborum. Illum animi et iste ut quidem culpa ut.

Magnam id ullam dignissimos quis sapiente odit. Sit perferendis aut in reprehenderit eum assumenda. Quis ut blanditiis est eos non. Et consequatur dolor nihil repellendus sed rerum neque nostrum.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”