Since Coinbase has released their mission a couple of days ago here:
Everyone is asking the question about how companies should engage in broader societal issues during these difficult times, while keeping their teams united and focused on the mission. Coinbase has had its own challenges here, including employee walkouts. I decided to share publicly how I’m addressing this in case it helps others navigate a path through these challenging times.
In short, I want Coinbase to be laser focused on achieving its mission, because I believe that this is the way that we can have the biggest impact on the world. We will do this by playing as a championship team, focus on building, and being transparent about what our mission is and isn’t.
However, the mission was somewhat controversial for some employees specially that they are targeting and IPO or it could really affect them:
These are difficult times, and every CEO I know is trying to figure out how to lead through it.
I recognize that our approach is not for everyone, and may be controversial. I know that many people may not agree, and some employees may resign. I also know that some of what I’ve written above will be misinterpreted, whether accidentally or on purpose. But I believe it’s the right approach for Coinbase that will set us up for success long term, and I would rather be honest and transparent about that than equivocate and work in a company that is not aligned.
https://blog.coinbase.com/coinbase-is-a-mission-focused-company-af882df8804And so it surfaced that they are now offering employees a exit package that is not comfortable with their mission here:
https://www.theblockcrypto.com/post/79247/coinbase-offers-exit-package-for-employees-not-comfortable-with-its-missionSo it will be a challenge, maybe there are some employees that are going to take severance pay at it much clash with their idea on how to build Coinbase as they are trying to be apolitical.
What are your thoughts on this?