Coinbase CEO Blasts Employees Looking for Management Changes

Image by juliuscwt/Depositphotos

Cryptocurrency exchange Coinbase has a new challenge to deal with on top of the crashing crypto market. The company was recently a subject of an anonymous online petition from employees who are looking for changes in management. And that didn’t sit well with Coinbase CEO Brian Armstrong, who had a strong response on Twitter on Friday.

Addressing the petition in a series of tweets, Armstrong wondered why the unhappy employees are still working at the company if they “have no confidence in the execs or CEO.”

“Quit and find a company to work at that you believe in!” he continued.

Armstrong also added that “our culture is to praise in public, and criticize in private” and warned the employees that sharing company problems publicly is “unethical” and harmful” while promising that “if you get caught you will be fired.”

The petition singled out various errors and issues Coinbase had in the past, according to the employees. This included the failure of the company’s NFT platform, lack of focus on infrastructure, toxic workplace culture, and failure to communicate important ideas, among others. As part of the petition, the employees asked the company to find replacements for Chief People Officer L.J. Brock, Chief Product Officer Surojit Chatterjee, and Chief Operating Officer Emilie Choi.


Please enter your comment!
Please enter your name here