• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Sunday, August 14, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Coinbase’s CEO responds to anonymous’ employee’s claims over toxic work culture

June 11, 2022
in Crypto News
Reading Time: 4 mins read
A A
ShareShareShareShareShare

Related articles

Brazilian Crypto Investment Firm ‘BlueBenx’ H…

August 14, 2022

Bitcoin hits $25K as bearish voices call BTC price ‘double top’

August 14, 2022

Courtesy: https://www.coinbase.com/

  • An anonymous Coinbase employee suggested that the three Coinbase executives should be removed.
  • Coinbase CEO responds to the employee’s suggestions even though the acclaimed employee’s post has been deleted.

Someone claiming to be a Coinbase employee shared a tweet suggesting that three Coinbase executives must leave their positions. According to this employee, those executives were having a toxic effect on the company’s workplace culture.

The post highlighted the company’s communication failures and a wrong hiring approach as some of the practices currently in place at the company. While the post’s author has deleted it, Coinbase CEO, Brian Armstrong, still responded to those claims.

An analysis of the tweet suggests that the author of those tweets was acting in association with other supposed Coinbase employees. However, no one has been able to identify their identities.

Part of an archive of the post reads, “as employees of Coinbase, we are convinced that the executives’ decision in recent times hasn’t been in the best interest of the shareholders or the workforce. Hence, it’s not in the company’s best interest at large.”

According to the post, Emilie Choi, Surojit Chatterjee, and LJ Brock are the top three executives whose decisions and actions show that they don’t have the company’s best interest at heart. The results have proven this to be true. Choi is Coinbase’s COO, LJ Brock is the Chief People Officer, and Chatterjee is the Chief Product Officer.

The allegations

The post further claims that recent company results’ feedback and performance reviews indicate that the company lacks direction. The most recent of these actions was the hiring and official cancelling of appointment offers.

According to the post, the executives earlier mentioned have often displayed an indifferent and condescending attitude towards employees. The post’s author suggests that the employees have no confidence in these executives again. Hence, they should be relieved of their duties.

The post also alleges that all three have been making unrealistic demands from employees. Thus, they have been causing untold harm to them every day. Some Coinbase employees who spoke to the media agreed that there are truths in what was stated in the post.

They added that they had expressed these concerns to the company authorities too. One employee claim that a team is extending its activities beyond the scope of what it should be doing.

Also read: Coinbase adds BNB chain and Avalanche to its list of supported networks for its wallet

Brain Armstrong’s response to the claims

Despite the deletion of the post, Coinbase CEO, Brian Armstrong still responded to the post’s claims. Armstrong’s Twitter thread stated that the allegations were “dumb on several levels.”

2/ First of all, if you want to do a vote of no confidence, you should do it on me and not blame the execs. Who do you think is running this company? I was a little offended not to be included 🙂

— Brian Armstrong – barmstrong.eth (@brian_armstrong) June 10, 2022

He suggested that the post’s author should quit Coinbase if they no longer have confidence in its board. Armstrong further said he doesn’t mind criticisms since it is in the company’s best interest. However, he emphasized that he prefers they are done in private.

The Coinbase CEO also said the public display of such criticisms is harmful to other employees, the company’s clients, and its shareholders. Armstrong threatened to fire any employee or employees found responsible for the post. He said, “it is not an effective way to get anything within a work environment.”

Armstrong referenced some of the tools the post claims were a waste of resources. He said the human resource tools were useful based on the feedback from three months of use. However, the company no longer needs them at this time. Hence, those are non-events in his point of view.

The Coinbase CEO added that the general downtrend in the crypto market is one of the reasons for this show of frustration. However, he encouraged all teams to work together, especially during this difficult period.

In his conclusion, Armstrong said he expects these things to happen in a company with Coinbase’s employee size. However, he added, “if you are in a workplace where your major aim is to leak internal information publicly, you need to leave immediately.”


Credit: Source link

ShareTweetSendPinShare
Previous Post

El Salvador’s Bitcoin Bretton Woods Conference

Next Post

Registrations Begin for STRMNFT Digital Asset Marketplace

Related Posts

Brazilian Crypto Investment Firm ‘BlueBenx’ H…

August 14, 2022

Brazil-based crypto investment firm BlueBenx has halted customer withdrawals due to an “extremely aggressive” hack that made the company lose...

Bitcoin hits $25K as bearish voices call BTC price ‘double top’

August 14, 2022

Covered: Bitcoin Spikes Double Top Forming? Bitcoin Spikes Bitcoin (BTC) spiked through $25,000 for the first time in months on...

After WazirX, Valud is Under ED’s Radar – Decoding The Complete Truth – Coinpedia – Fintech & Cryptocurreny News Media

August 14, 2022

The Singapore-based crypto-exchange company – Valud has come under the radar of the Enforcement Directorate of India (ED), the anti-money...

Uniglo the Most Talked Crypto by Cardano & Fantom Whales

August 14, 2022

When crypto whales make moves in space, people take notice. That’s because these people have a ton of money to...

TUSD Receives Endorsement from Data Analysis Firm CryptoQuant

August 13, 2022

Singapore, Singapore, 13th August, 2022, Chainwire TUSD has been endorsed by CryptoQuant, a data analysis firm for cryptocurrencies, ranking in...

Load More
Next Post

Registrations Begin for STRMNFT Digital Asset Marketplace

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

3 trends that will shape the future of Bitcoin mining

August 12, 2022

Reserve Bank of Zimbabwe ‘Developed a Roadmap for Adoption of CBDC,’ Says Governor – Fintech Bitcoin News

August 14, 2022

Bitcoin’s Privacy Problem—And What Cypherpunks Are Doing to Solve It

August 12, 2022

The future of social media and protecting user data in web3 w/ Lens Protocol and the Aave companies

August 10, 2022

CFTC Sues Ohio Resident Rathnakishore Giri Fraudster Involving in a $12M Ponzi Scheme

August 13, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Time to Buy Dogecoin? DOGE Price up 8% as Alternatives like Tamadoge also Rocket
  • Brazilian Crypto Investment Firm ‘BlueBenx’ H…
  • Hacktivist group Anonymous promises to investigate BAYC

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$24,317.00-0.51%
  • ethereumEthereum(ETH)$1,932.79-2.45%
  • tetherTether(USDT)$1.000.11%
  • usd-coinUSD Coin(USDC)$1.000.02%
  • binancecoinBNB(BNB)$319.67-1.93%
  • cardanoCardano(ADA)$0.572.77%
  • rippleXRP(XRP)$0.3804910.00%
  • Binance USDBinance USD(BUSD)$1.000.15%
  • SolanaSolana(SOL)$45.12-3.00%
  • dogecoinDogecoin(DOGE)$0.0797528.10%
  • polkadotPolkadot(DOT)$8.97-4.71%
  • Shiba InuShiba Inu(SHIB)$0.00001629.39%
  • AvalancheAvalanche(AVAX)$28.34-2.89%
  • Lido Staked EtherLido Staked Ether(STETH)$1,879.40-2.88%
  • matic-networkPolygon(MATIC)$1.00-1.64%
  • daiDai(DAI)$1.000.14%
  • tronTRON(TRX)$0.0707001.12%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$24,297.00-0.58%
  • ethereum-classicEthereum Classic(ETC)$41.54-5.71%
  • OKBOKB(OKB)$21.57-3.53%
  • leo-tokenLEO Token(LEO)$5.083.81%
  • litecoinLitecoin(LTC)$63.52-0.54%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.62-5.58%
  • FTXFTX(FTT)$30.88-1.65%
  • chainlinkChainlink(LINK)$8.81-3.67%
  • UniswapUniswap(UNI)$8.91-1.66%
  • CronosCronos(CRO)$0.152785-1.01%
  • cosmosCosmos Hub(ATOM)$11.66-2.73%
  • stellarStellar(XLM)$0.125820-0.92%
  • moneroMonero(XMR)$164.65-1.04%
  • FlowFlow(FLOW)$2.88-3.05%
  • bitcoin-cashBitcoin Cash(BCH)$139.27-2.83%
  • algorandAlgorand(ALGO)$0.365500-1.04%
  • vechainVeChain(VET)$0.032401-1.63%
  • filecoinFilecoin(FIL)$8.15-3.53%
  • Internet ComputerInternet Computer(ICP)$8.00-2.75%
  • ApeCoinApeCoin(APE)$6.46-5.55%
  • decentralandDecentraland(MANA)$1.080.68%
  • The SandboxThe Sandbox(SAND)$1.350.68%
  • ChainChain(XCN)$0.084784-2.78%
  • HederaHedera(HBAR)$0.079409-3.47%
  • tezosTezos(XTZ)$1.88-2.08%
  • Axie InfinityAxie Infinity(AXS)$18.67-4.24%
  • QuantQuant(QNT)$119.89-5.65%
  • theta-tokenTheta Network(THETA)$1.54-3.39%
  • Lido DAOLido DAO(LDO)$2.70-8.25%
  • AaveAave(AAVE)$107.05-3.44%
  • Celsius NetworkCelsius Network(CEL)$3.47-6.81%
  • FraxFrax(FRAX)$1.000.41%
  • ElrondElrond(EGLD)$62.89-3.87%