Chief Executive Officer
“There are a handful of other conversations still ongoing, so the final number will likely be a bit higher,” Armstrong said, adding that minority groups at Coinbase haven’t disproportionately taken the exit package.
Around 8% of staffers had expressed interest, according to a person with knowledge of the matter who asked not to be identified, but the total isn’t expected to reach that high.
Armstrong told employees in late September that he was offering generous severance packages to those who didn’t want to comply with his prohibition on activism at work. Many staffers were
In his blog, Armstrong clarified that conversations about current events related to work are permitted.
“We have just made a decision to not engage in broader activism as a company outside of our mission,” he said. Being political about cryptocurrencies is allowed as well “because it relates to our mission,” he added.
The polarizing 2020 campaign, epitomized by last week’s acrimonious presidential debate, has left many companies struggling to stay above the fray. That may be especially hard for crypto companies, many of them started by libertarians looking to escape government influence by using digital coins.
(Updates estimate of loss in fourth paragraph.)
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