It's not like all the offers that were rescinded were made before the crash. This is not exucable with the market crash, it's simply poor form and bad planning. They simply should've not made those offers.
Her offer was rescinded and she's devastated about it. She received her offer in the past couple of weeks, well after the stock lost a lot of its value and they announced a hiring "slow down":
The upside is that Coinbase is very clearly trending towards substantial layoffs if the market doesn’t recover, and if she did join now, she’d have been straight back out the door in the first layoff. Therefore, while this is painful for her now, it’ll hopefully be for the greater good long term: being at a company, like Coinbase, during a downturn, is an awful experience that would be more harmful to her longterm career than this situation. Hopefully she’s able to find another opportunity with a company that isn’t facing economic crisis, and a few months from now, she’ll be thankful to have dodged a Coinbase shaped bullet.
"I'm not sure yet if they will/have rescinded her offer or not."
In the meanwhile, the timeline got clarified? Anyway, I agree with you if the offer was made when the downturn was already obvious.
It's a shitty situation, and it will be followed by much more of it, cross industry. The music stopped playing. Don't waste time wondering why it stopped, find a chair.
Yes; when I first read the post I didn't know yet if her offer was rescinded. By the time of the second comment I called her and found out that it was indeed rescinded.
Her offer was rescinded and she's devastated about it. She received her offer in the past couple of weeks, well after the stock lost a lot of its value and they announced a hiring "slow down":
https://news.ycombinator.com/item?id=31408364