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Slashdot: Coinbase Offers Severance Package to Employees Unsatisfied With 'Apolitical' Mission

Coinbase Offers Severance Package to Employees Unsatisfied With 'Apolitical' Mission
Published on September 30, 2020 at 09:41PM
An anonymous reader shares a report: Coinbase CEO Brian Armstrong sent his employees a letter telling them to get in line with a new company "culture shift," offering those unwilling to do so a "generous separation package." Armstrong sent the letter, which CoinDesk obtained, to Coinbase employees on Wednesday, stating the time has come to have a "difficult conversation" over his recent clarification of Coinbase's mission. Armstrong wrote that Coinbase had "an apolitical culture" in an open letter published Sunday that said the exchange would not engage in "broader societal issues" or entertain employee discussions about these issues. Those employees unhappy with the new direction have been informed they can take up a separation package because "life is too short to work at a company that you are not excited about." The packages includes four months' severance for employees who have been at the exchange less than three years or six months for longer-term employees. Coinbase will also offer six months of health insurance through the U.S. government's COBRA program.

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