{"id":462160,"date":"2022-06-13T18:32:43","date_gmt":"2022-06-13T15:32:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-ceo-urges-unhappy-workers-to-quit-slams-petition\/"},"modified":"2022-06-13T18:32:43","modified_gmt":"2022-06-13T15:32:43","slug":"coinbase-ceo-urges-unhappy-workers-to-quit-slams-petition","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-ceo-urges-unhappy-workers-to-quit-slams-petition\/","title":{"rendered":"#Coinbase CEO urges unhappy workers to quit, slams petition"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af4859ce7097\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af4859ce7097\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/coinbase-ceo-urges-unhappy-workers-to-quit-slams-petition\/#%E2%80%9CCoinbase_CEO_urges_unhappy_workers_to_quit_slams_petition%E2%80%9D\" >&#8220;Coinbase CEO urges unhappy workers to quit, slams petition&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CCoinbase_CEO_urges_unhappy_workers_to_quit_slams_petition%E2%80%9D\"><\/span>&#8220;Coinbase CEO urges unhappy workers to quit, slams petition&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Coinbase boss Brian Armstrong is urging disgruntled employees to quit the company after an anonymous online petition called for several key executives at the embattled cryptocurrency firm to be removed from their posts.<\/p>\n<p>Armstrong unleashed a tweetstorm in response <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/web.archive.org\/web\/20220609202836\/https:\/\/mirror.xyz\/0x58E3a8Bc8CBFC10AC2972Fb9d0cF359E21eae56b\/ZIO--5ywx1z-aKs0KCQ2PeTNutVKune7zhA1D09R0q0\">to a viral petition<\/a> dubbed \u201cOperation Revive\u00a0COIN.\u201d The petition, purportedly written by Coinbase employees, called for a \u201cvote of no confidence\u201d in Coinbase COO Emilie Choi, Chief Product Officer Surojit Chatterjee, and Chief People Officer LJ Brock following a recent downturn in the firm\u2019s fortunes.<\/p>\n<p>\u201cThis is really dumb on multiple levels,\u201d Armstrong tweeted on Friday alongside a link to the now-deleted post. \u201cFirst 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 :).\u201d<\/p>\n<p>\u201cSecond, if you have no confidence in the execs or CEO of a company then why are you working at that company? Quit and find a company to work at that you believe in!\u201d he added.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-wrapper twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">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 \ud83d\ude42<\/p>\n<p>\u2014 Brian Armstrong \u2013 barmstrong.eth (@brian_armstrong) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1535304983326826496?ref_src=twsrc%5Etfw\">June 10, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/figure>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-wrapper twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">4\/ Third, making suggestions on how to improve the company is a great idea (in fact, we expect everyone to be a part of that). But our culture is to praise in public, and criticize in private.<\/p>\n<p>\u2014 Brian Armstrong \u2013 barmstrong.eth (@brian_armstrong) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1535305047277309952?ref_src=twsrc%5Etfw\">June 10, 2022<\/a><\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/figure>\n<p>The petition pointed to several alleged missteps at Coinbase under current executive leadership, including which it described as the \u201cfailure of the Coinbase NFT platform,\u201d \u201cunsustainable\u201d hiring practices and a \u201c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly apathetic and sometimes condescending attitude\u201d for the three executives it referenced.<\/p>\n<p>Armstrong called the decision to publicly circulate the petition \u201cdeeply unethical\u201d and warned that any workers found to be responsible would be terminated.<\/p>\n<p>\u201cIt\u2019s also dumb because if you get caught you will be fired, and it\u2019s just not an effective way to get what you claim to want,\u201d he tweeted.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-34.jpg?w=1024\" alt=\"Coinbase CEO Brian Armstrong\" class=\"wp-image-22634055\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-34.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-34.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-34.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Coinbase CEO Brian Armstrong warned that any workers responsible for the petition would be fired.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>Coinbase representatives did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely return a request for further comment.<\/p>\n<p>The petition and subsequent tweets from Armstrong are the latest sign of trouble at Coinbase, which has been under intense pressure as market volatility and a steep plunge in cryptocurrency prices weigh on its stock.<\/p>\n<p>Shares fell more than 13% in trading Monday during a broader selloff. Coinbase\u2019s stock is down by nearly 80% so far this year.<\/p>\n<p>As The Post and other outlets reported last week, Coinbase has enacted a hiring freeze and even rescinded some job offers to new hires due to \u201ccurrent market conditions and ongoing business prioritization efforts.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-30.jpg?w=1024\" alt=\"Coinbase office\" class=\"wp-image-22634052\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-30.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-30.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-30.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Coinbase recently enacted a hiring freeze.<\/figcaption><figcaption><span class=\"credit\">The Washington Post via Getty Im<\/span><\/figcaption><\/figure>\n<p>Brock, one of the executives targeted in the petition, addressed the decision in a memo to staffers.<\/p>\n<p>\u201cWe always knew crypto would be volatile, but that volatility alongside larger economic factors may test the company, and us personally, in new ways,\u201d Brock wrote. \u201cIf we\u2019re flexible and resilient, and remain focused on the long term, Coinbase will come out stronger on the other side.\u201d<\/p>\n<p>The hiring freeze also followed a weak first-quarter earnings report and a warning from Coinbase that the crypto holdings of its customers could be at risk if the firm were to go bankrupt.<\/p>\n<p>Armstrong sought to downplay public fears about that warning, chalking up the message to updated SEC requirements and declaring Coinbase was at \u201cno risk of bankruptcy.\u201d\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/13\/coinbase-ceo-urges-unhappy-workers-to-quit-slams-petition\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Coinbase CEO urges unhappy workers to quit, slams petition&#8221; Coinbase boss Brian Armstrong is urging disgruntled employees to quit the company after an anonymous online petition called for several key executives at the embattled cryptocurrency firm to be removed from their posts. Armstrong unleashed a tweetstorm in response to a viral petition dubbed \u201cOperation Revive\u00a0COIN.\u201d&#8230;<\/p>\n","protected":false},"author":1,"featured_media":462161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/coinbase-Brian-Armstrong-32.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74956,130276,11154,76127,5070],"class_list":["post-462160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-coinbase","tag-6-13-22","tag-ceos","tag-cryptocurrency","tag-jobs"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/462160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=462160"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/462160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/462161"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=462160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=462160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=462160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}