I'm saying any large layoff has a decent chance of making some people homeless—either because they weren't making enough before to save money, or because they were riding an unrealistic expectation of growth (that the company and entire industry are often actively selling you) and bet too much on it (the latter being what I'd guess more likely in this case, based on my assumptions about the kind of money Coinbase would've been paying). And once you're homeless, you're at much higher risk for all kinds of problems, including dying in a variety of unpleasant ways.

This seems highly exaggerated.

If someone really over leveraged themselves so much, at some point you can’t blame their employer.

By that theory, Coinbase already saved their lives since they'd be homeless if they weren't hired.