Coinbase offers exit package for employees not comfortable with its mission


Coinbase is offering a package for employees seeking an exit after the release of a blog post from its CEO outlining why the crypto exchange operator will take an apolitical mission. 

Coinbase CEO Brian Armstrong, who penned a controversial blog outlining why the exchange will mainly focus on its crypto mission versus social activism, said that it would provide employees with a package to leave the firm if they don’t “feel comfortable with the new direction,” according to an email sent to employees.

Armstrong added:

“If you’re interested in speaking with HR about this package (not committing to take it, but beginning a discussion) please fill out this form and someone will reach out shortly. Your conversation will be confidential with HR unless you choose to include your manager. If you decide to proceed, HR will provide you with a separation agreement and work with you on your last day.”

In a sense, the email is in line with the original blog and reflects how other large corporations have responded to employees uncomfortable with the actions of the company. Amazon, for instance, asked a number of its “associates”— full-time and part-time hourly employees — to leave if they wanted. In turn it offered them a $5,000 check. 

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Coinbase offers exit package for employees not comfortable with its mission written by Frank Chaparro @ September 30, 2020 Frank Chaparro

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