Coinbase CEO says 60 employees, or about 5% of its staff, have taken the exit package the company offered for those not comfortable with its apolitical mission
Brian Armstrong / The Coinbase Blog :
The Coinbase Blog Brian Armstrong
Related Coverage
- 5% of Coinbase Employees Take Severance Offer Over ‘Apolitical’ Stance CoinDesk · Nathan DiCamillo
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- Coinbase hemorrhages employees following controversial culture stance Cointelegraph · Benjamin Pirus
- Coinbase CEO says ‘about 5% of employees’ have taken severance packages after controversial ‘mission’ post The Block · Michael McSweeney
Discussion
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@brian_armstrong
Brian Armstrong
on x
I posted a follow up to my “mission focused” blog post from last week. https://blog.coinbase.com/... https://twitter.com/...
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@zackseward
Zack Seward
on x
JUST IN: 60 Coinbase staffers voted with their feet, took the exit package https://www.coindesk.com/...
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@nitashatiku
Nitasha Tiku
on x
5 percent of @coinbase employees or 60 people took the severance, @brian_armstrong writes on Medium, with the final number expected to be higher https://blog.coinbase.com/...
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@ellearmageddon
@ellearmageddon
on x
60 people quitting their jobs over a shitty blog post, *in the middle of a global pandemic and economic crisis* is... a lot, actually. 5% of a 1200-person company is A SIGNIFICANT LOSS. And there will be more, as people line up new jobs and THEN tell y'all to fuck off. https://tw…
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@kimcrayton1
@kimcrayton1
on x
This @brian_armstrong is where your intent vs impact ratio goes off the rails Silence from folx in underrepresented, and particularly marginalized communities, does NOT mean agreement; in fact its often the opposite Do you but know that there's so much that you're missing https:/…
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@amuse
@amuse
on x
I hope more and more companies will decide to focus on their core businesses and not the real or pretend support of causes like Black Lives Matter. The truth is that politics really has no place in business. Coinbase is leading the way. https://blog.coinbase.com/...
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@wokecapital
@wokecapital
on x
CoinBASED. 5% of their workforce quit - whether to get the cushy severance package or because insufficiently woke. This means they might be hiring. Must be nice to work at a place where CEO has drawn a line in sand against woke BS. Shitlords need apply. https://blog.coinbase.com/…
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@caseynewton
Casey Newton
on x
For perspective, the standard percentage of employees who quit after the CEO writes a blog post is zero https://twitter.com/...
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@lazerwalker
nightmare on Em street
on x
Honest, non-leading question: how do you determine whether employees from under-represented groups are staying because they're okay with the direction vs not feeling confident they can find a new job (even with good severance) during a global pandemic? https://blog.coinbase.com/.…
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@katherineykwu
Katherine Wu
on x
where do I even begin w this.. “it was reassuring to see that people from under-represented groups at Coinbase have not taken the exit package in numbers disproportionate to the overall population” is some serious ‘im not racist bc i have a Black friend’ type logic lmao https://t…
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@polotek
Marco Rogers
on x
OH: “this politics is OK because it's related to our magic bean libertarian fantasy.. this other politics is not OK because it threatens the hegemony” 🔥🔥🔥 https://twitter.com/... https://twitter.com/...
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@carnage4life
Dare Obasanjo
on x
5% of Coinbase employees decided to take a severance package of 4 - 6 months pay and quit the company after it banned bringing your personal politics to work. More are still negotiating their exit package. Higher than I expected but it's free money. https://blog.coinbase.com/...
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@saraashleyo
Sara Ashley O'Brien
on x
Update from Coinbase CEO: 5% of employees, or 60 people, have decided to take the exit package (a handful of other conversations still ongoing). Says that people from under-represented groups have not taken the exit package in disproportionate numbers https://blog.coinbase.com/..…
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@miradu
@miradu
on x
One cool trick to lose the top 5% of your employees https://twitter.com/...
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@sandofsky
Ben Sandofsky
on x
So far 5% of Coinbase has decided to leave, with more on the way. https://blog.coinbase.com/...
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@jillruthcarlson
Jill Carlson
on x
“It was reassuring to see that people from under-represented groups at Coinbase have not taken the exit package in numbers disproportionate to the overall population.” It's worth noting, there are many reasons this could be the case. https://blog.coinbase.com/...
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@yoda
Drew Olanoff
on x
Did they sign non disparagement agreements? https://twitter.com/...
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@ericajoy
Erica Joy
on x
it's hard to find a new job in a week. there will be more. https://twitter.com/...
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@alexeheath
Alex Heath
on x
“I wanted to share that about 5% of employees (60) have decided to take the exit package. There are a handful of other conversations still ongoing, so the final number will likely be a bit higher” https://twitter.com/...