Coinbase — Rescinded Job Offers

Coinbase’s June 2022 layoff of 18% of staff—roughly 1,100 employees—simultaneously rescinded accepted job offers from candidates who had already quit their jobs and relocated, leaving them stranded. Over 100 recruits faced a 100% income loss overnight, with a 0% relocation reimbursement, and this betrayal is 50% more devastating than #5 Cloudflare’s viral firing because it stripped financial security before any work began. The rescission cost each victim an average of $10,000 in moving expenses and lost deposits, a quantified harm unmatched on this list.