60 Coinbase workers have left the company after sharing an apolitical company statement by CEO Brian Armstrong as we reported previously in the coinbase news.
About 5% of the employees or 60 Coinbase workers, took advantage of the generous exit package which was given in exchange to anyone that disagreed with the company politics. According to the recent update that was shared by Coinbase CEO Brian Armstrong, the executives of the company could have done a better job in clarifying how the apolitical culture will work. This led to confusion among workers which had difficult conversations about “what the apolitical culture means in practice.”
— Brian Armstrong (@brian_armstrong) October 8, 2020
Armstrong also admitted that the number of leaving employees will increase as “there are a handful of other conversations that are still ongoing” even though the deadline passed for the people taking the exit package. Coinbase CEO noted that he was quite worried about the effects on people form the under-represented minority population but their reaction was promising:
“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.”
Despite many of the workers decided to leave the exchange, Armstrong believes that it will help the team to come together and to become a stronger one and even more united than before. Brian Armstrong posted the “mission-focused and apolitical” company goal seven days ago. Moments after he posted it, it got controversial responses from numerous famous individuals like Twitter’s CEO Jack Dorsey who openly disagreed saying that BTC and crypto is “direct activism.”
According to the Coinbase employees, the plan to offer an exit for mission-dissenting workers was planned for more than six months. Over the past week, Armstrong published a blog post where he discourages politics from his office and offered severance packages for those who disagree with a new mission statement. According to the employees, the CEO and other managers at the company said that they were planning this for six months. Armstrong started planning for the new position in the company after a few engineers decided to stop working for the company after the CEO wouldn’t say “black lives matter” externally during social unrest over police killings.
I want to unequivocally say that Black Lives Matter.
— Brian Armstrong (@brian_armstrong) June 4, 2020
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