employees driven out by 'apolitical' stance

Published on by Cointele | Published on

According to the CEO, "Most employees don't want to work in these divisive environments." He further stated that employees "Want the workplace to be a refuge from the division that is increasingly present in the world." Thus, Armstrong made it clear that Coinbase would focus minimally on causes not directly related to the mission, which include policy decisions, nonprofit work, broader societal issues and political causes.

Cointelegraph has reached out to Coinbase for comment but has not received a response at press time.5% of employees opt for a severance package.

Employees who worked at Coinbase for more than three years would be up for a six-month payment package.

The number accounted for 5% of Coinbase's employee numbers, while the CEO also stated that more employees had expressed interest in leaving.

Clem Freeman, a software engineer at Coinbase, also publicly announced that he would be leaving the company on Twitter, saying he disagreed with "Some of the changes made recently by leadership."

With Coinbase seemingly taken off the list of beneficiaries, it seems their newly revised culture stance is at odds with Williams' investment firm.

Coinbase's apolitical stance also drew derision from Twitter CEO Jack Dorsey, who highlighted his belief that Bitcoin acts as "Direct activism" against an "Unverifiable and exclusionary financial system" and that Coinbase had seemingly failed to recognize societal issues linked to its own customers' use of the platform.

The company drew further criticism after audio from an internal meeting was leaked to Motherboard, in which it is alleged that Coinbase was accused of 'stunting internal discussion' and forcing employees to delete political messages on the company's Slack group.

Overall, there are a plethora of different opinions toward Coinbase's apolitical stance.

The company forges on, bidding farewell to those who have chosen to disembark at a crucial crossroads in the Coinbase journey.