How a memo made Coinbase into exactly what its CEO wanted to avoid - Business Insider

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60 employees voluntarily resigned from Coinbase, a successful $8 billion startup. Insiders detail the unrest caused by the CEO's new 'apolitical' policy.

There was some additional fallout from the incident in the immediate aftermath, too, with some employees choosing to leave Coinbase as a result, former employees told Business Insider.

"Coinbase has never been a company where there are constant distractions, activism, and people trying to politicize everything," said a former employee who accepted the severance package. They categorized the Black Lives Matter virtual protest as an outlier. Coinbase had no history as a highly political place, even with its headquarters in a liberal bastion like San Francisco.Another former employee, who last worked at Coinbase in 2019, said some employees felt disappointed Coinbase did not take a stance on more issues. However, this person didn't cite larger problems that stemmed from that.

"People had open discussions. [Armstrong] didn't stop people from having those discussions," the former employee said.The dust had mostly settled following the explosive all-hands meetingOne Coinbase employee resource group called Colorblock issued a list of demands focused on improving the experience of Black employees at Coinbase.

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Lol, COinbase is a joke. US people doesnt like them at all.

If that worked get rid of the all the troublemakers, good idea, needs to become a corporate standard. (No comment on the business of the company).

brian_armstrong chainlink $link

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