Bloomberg Law
Oct. 8, 2020, 6:44 PM

Coinbase to Lose Dozens of Staffers Over Ban on Politicking (1)

Olga Kharif
Olga Kharif
Bloomberg News

Coinbase Inc., the cryptocurrency exchange, is losing about 60 employees who balked at a management mandate barring political activism at work.

Chief Executive Officer Brian Armstrong said Thursday in a blog post that about 5% of Coinbase employees had accepted an exit package offered to staffers bothered by the policy, and that the number will probably grow.

“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 ...

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