Coinbase offers exit package for employees not comfortable with its mission

Re:Coinbase offers exit package for employees not comfortabl... by nrmitchi on Wednesday September 30, 2020 @11:09AM (#24639514)

I know that this will greatly help a few who are legitimately disturbed by the recent post and feel they either can't work at, or aren't excited by, Coinbase any more.

But at the level of severance discussed in the post (4 (or 6) months, 7-year exercise window), it feels like most employees who know they could soft-land into another position would be silly not to take this offer. Some people may still enjoy working at Coinbase, but do they enjoy it enough to reject an effective 30-50% bonus?

Especially for employees who were there less than 2 years, and may not necessarily stay for 2 years, this looks like a unique opportunity to lock in that 7 year exercise window.

I've seen offers like this before, and it led to a much-higher-than-expected number of employees choosing to leave.

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Re:Coinbase offers exit package for employees not comfortabl... by skinkestek on Wednesday September 30, 2020 @12:44PM (#24640709)

At this point in my life this is a message that would make me want to stay.

Not having to deal with activism at work sounds like a nice perk!

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Re:Coinbase offers exit package for employees not comfortabl... by muzika on Thursday October 01, 2020 @09:44PM (#24657966)

For sure! I would much rather work at a politically neutral company.

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Re:Coinbase offers exit package for employees not comfortabl... by justAnotherNET on Wednesday September 30, 2020 @08:45PM (#24645971)

I would consider an offer from coinbase over FAANG now based solely on this move by their CEO. I say this as someone who has worked at Apple, and bluntly told multiple Facebook-email bearing recruiters to F off.

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Re:Coinbase offers exit package for employees not comfortabl... by mesozoic on Wednesday September 30, 2020 @02:05PM (#24641651)

Agreed. Putting Coinbase on my shortlist for sure.

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Re:Coinbase offers exit package for employees not comfortabl... by chillacy on Wednesday September 30, 2020 @07:21PM (#24645269)

There's probably a handful of people who had already interviewed and were on their way out in the next few weeks who got a lucky break today.

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Re:Coinbase offers exit package for employees not comfortabl... by nrmitchi on Wednesday September 30, 2020 @11:20PM (#24646983)

For sure. I'm not saying that they should do this, and I'm definitely not saying that I would be self-less enough to do it, but it would be a pretty strong gesture if those in that position were to turn around and donate their severance to an activism organization.

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