It seems that they are paying a severance package of two months of base pay to try to compensate for that. [1]

[1]: "The details surrounding the severance package are unclear, but some affected workers on Blind alleged they would receive two months worth of base pay; a representative from Coinbase did not provide further comment."

This is meaningful and deserves more prominent placement. If you’re going to rug pull someone paying out $10k+ certainly takes some of the sting out.

I would love to have an offer rescinded with pay. If the company’s prospects are really that dim I wouldn’t want to join anyway. Getting a cash bonus to go somewhere else is even better.

10k doesn’t cover search costs. What about health insurance, for example?

I personally always line up multiple offers when job hunting. Much better for negotiations.

In all cases I’m sure one of the companies I turned down would take me back if my first choice turned out to be a dud.

YMMV, but it seems like there’s more incentive than ever right now to make sure you’ve got more than one offer when job hopping.

Yea, apparently there are some compensating factors. Still, an email to tell you that they’re rescinding the offer is the easy way out; it avoids an awkward telephone call. It is easy to see why they went that route. I agree that it’s not the worst thing in the world though.