Cryptocurrency exchange Coinbase has made a mark in the industry for bucking against several trends when other companies toe the line. However, its recent direction concerning employees and political speech could harm its recruitments in the future.
Capping Political Speech from Employees
Earlier this week, Coinbase announced that it would restrict its employees from making statements on social and political issues both nationally and worldwide.
The exchange had explained that it wanted its employees to avoid social and political “distractions,” instead of focusing on the mission to build an open and inclusive financial system for everyone across the world. Chief executive Brian Armstrong explained that the company understands the possible disagreement that some employees might have, and they’ve made provisions for people who believe that they can’t continue with the policy.
Armstrong has now confirmed that about sixty employees had informed the company of their intention to leave. That number