Coinbase hemorrhages employees following controversial culture stance
Coinbase CEO Brian Armstrong publishes further details about his company's changing landscape. After adjustments to company policies, popular U.S.-based crypto exchange Coinbase has seen backlash from employees who disagreed with the changes. Coinbase received national attention for a recent change to its policies, which required employees to avoid political and social distractions, and instead focus on its core mission of building "an open financial system for the world". Multiple commentators, including Jack Dorsey of Twitter, found the new direction to be at odds with the cryptocurrency....
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Leaked Coinbase audio sheds additional light on the company's apolitical sea change. Coinbase leadership recently moved to curb sociopolitical discourse within their company, mandating that the team should focus on the company's mission rather than politics. Coinbase co-founder and CEO Brian Armstrong later held an all-hands meeting, billed as an "ask me anything" session, to discuss changes in company culture with his employees. Audio of this staff-wide meeting from Oct. 1 was subsequently leaked to media outlet Motherboard; the technology wing of Vice media."An internal all-hands meeting....
Coinbase’s new “apolitical” culture has led to some employees taking severance packages, as the crypto community reacts with ambivalence. America’s largest cryptocurrency exchange, Coinbase, made headlines over the past few weeks for an internal culture change that effectively told employees that there will be no space for social activism within its walls. Furthermore, a recently leaked audio apparently reveals that most employees approve of the new direction.The “apolitical” stance that is being adopted by the company was announced by CEO Brian Armstrong in a published post on the....
Sixty of Coinbase’s 1,200 employees have accepted the exit package offered by CEO Brian Armstrong, according to a memo obtained by CoinDesk.
An analysis performed by the New York Times of internal pay data at cryptocurrency exchange Coinbase unveiled disparities in salaries, showing their women and Black employees were underpaid. Coinbase Underpaid Women and Black Employees, Claims NYT Study According to the report, women employees were paid by Coinbase an average of $13,000, or 8%, which is less than men’s employees at comparable job roles within the crypto exchange. The data gathered by the NYT includes pay details of 830 employees at the end of 2018. As per an alleged unfair treatment of Black employees in terms of....
Coinbase is taking measures to ensure that no office becomes an unofficial headquarters. Nasdaq-listed cryptocurrency exchange Coinbase is going completely remote and closing is its head offices in San Francisco.Coinbase announced Wednesday that it will shut down its former headquarters in the Golden Gate City in 2022 as part of its commitment to “being remote first.”“We’ve committed to having no HQ, and it’s important to show our decentralized workforce that no one location is [more] important than the another,” Coinbase noted. According to the company, the upcoming closure will be an....