Brian Armstrong, the CEO of Coinbase, offers his employees with severance packages if they leave the company, after discouraging political discussions at work and employee activism. In an email, Armstrong informed the staff that if they're not comfortable with his new directions and want to resign, Coinbase will give them severance packages if they leave.
The payment that employees will receive depends on ranges from four to six months, depending on how long they have worked with the company.
"Life is too short to work at a company that you aren't excited about," said the CEO via email.
"Hopefully this package helps create a win-win outcome for those who choose to opt out," he added.
Armstrong published a blog post, explaining the Coinbase's stance of non-engagement on political and social issues. In the blog, he said that he wants the company to focus on achieving its mission entirely.
He added that in that way, Coinbase could have the biggest impact on the world. The CEO also confirmed that the company will not debate causes or political candidates internally and avoid issues that are not connected to its core mission.
He also explained the "internal strife" happening at Silicon Valley giants, such as Facebook, and Google, where the employees engage in a wide variety of social activism.
Coinbase CEO's decision is different from other Silicon Valley companies
Armstrong's stand about the political and social engagement is different from many Silicon Valley companies, which have embraced social justice causes in the wake of widespread activisms over racial injustice. For example, Google announced an extensive $310 million program to support diversity and inclusions at the company.
Its decision is a part of a lawsuit settlement with shareholders, who accused the company of not seriously taking sexual harassment and discrimination complaints. On the other hand, Mark Zuckerberg, Facebook's CEO, decided not to discourage or ban political and social issue discussions entirely.
However, the company still tightened its restrictions for such engagements.
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Written by Giuliano J. de Leon
