Armstrong addresses the disconnect within Coinbase through tweets.
On Thursday, an unhappy employee at Coinbase, who uses the handle 0x58E3, launched a petition on Mirror.xyz aimed at urging the termination of three executives. This petition was titled... Operation Revive COIN Although the petition was eventually removed, it had already been archived by the Internet Archive and various other sites. In response, Coinbase's CEO Brian Armstrong took to Twitter to share his thoughts extensively.
The petition specifically pointed fingers at Coinbase’s COO Emilie Choi, Chief Product Officer Surojit Chatterjee, and Chief People Officer LJ Brock for implementing policies and strategies that have led to troubling outcomes and a decline in company values. The author of the petition elaborated on eight critical issues, including poor management, fostering a toxic workplace, and displaying a lack of interest in employee welfare.
Among the cited issues were poor leadership, promotion of a toxic atmosphere, and general apathy. The individual who brought these concerns to light highlighted the unsuccessful Coinbase NFT initiative, the retraction of job offers to candidates, and general mismanagement as central to the company's challenges.
The petition wrapped up with a message: \"We aspire to find individuals experienced in the crypto industry who can steward the company with greater accountability.\"
On Friday morning, Brian Armstrong, the co-founder and CEO of Coinbase, unleashed a thread of 16 tweets. In one, he conveyed to the petitioners that 'our culture emphasizes public praise and private critique,' among other points. Curiously, he expressed his surprise at not being included on the list of executives being called to resign, suggesting instead that it might be the disgruntled employees who should consider moving on.
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