Cockburn was on one of his regular jaunts through LinkedIn this week, on the lookout for more gainful employment than the Speccie currently offers him. During his perusal, one word kept catching his eye on the profiles of other users: “Rescinded.” Prospective employees are deciding to denote when a company had made them a job offer — and then changed their mind after a change in corporate hiring plans. The cryptocurrency wallet company Coinbase appears to be one of the biggest offenders. Ashutosh, a software engineer, posted the following: After considering several factors, I had chosen to join Coinbase over pursuing a PhD. Unfortunately, I just got an email today saying my offer had been rescinded (as well as those of many other people) due to a massive hiring plan change by Coinbase… After having planned so much of the next stage of my life, seeing it fall apart so quickly was heartbreaking. Other jobseekers are taking a more optimistic outlook, such as Xinyi, another software engineer whose offer was rescinded: This situation is undoubtedly unfortunate. I cannot start the journey at Coinbase as I’ve planned since this January. However, I cannot control the market or others’ decisions, but I…
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