During an economic crisis, it's not unusual for job offers to be withdrawn.
In an update about what was initially a two-week "pause" on hiring, the company said last night that it would be freezing hiring for the foreseeable future.
"It's become evident that we need to take more stringent measures to slow our headcount growth, and all incoming hires will be advised of their updated offer," Brock wrote in the statement posted to the company's blog.
The practice sounds worse in theory.
At the same time that he was considering a PhD program at the University of Illinois, machine learning researcher Ashutosh Ukey got a job offer from one of the largest online businesses in the world.
He chose the company only to have them reverse their decision.
Ukey was going to start on aSTEM OPT VISA and was only allowed a certain number of days on unemployment. Seeing it fall apart so quickly was heartbreaking.
This year has been bad for the company. The CEO lost a lot of his wealth after he was roasted on the social networking site. The company admitted that if it files for bankruptcy, it may seize the digital currency from its users.
Things have been bad for the economy and the industry for a while now, but the company seems to be digging itself deeper and deeper.
The former OpenSea Executive was arrested for trading on inside information.
All Rights Reserved © 2024
