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‘Tokenized’: Black Workers’ Struggles at Coinbase

nytimes.com

31–40 of 717 posts

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#31
post #22

I hope Coinbase does not bend the knee. I don't like the idea of crypto too much, but it should be for everybody.

I'm not sure I understood correctly - wouldn't removing discrimination or other hurdles for marginalized groups in your organization be more "for everybody"?

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#32
post #24

Earlier quoted context omitted.

This is exactly my point. What in this article is "woke politics"? It is all just basic "don't be racist" problems. When that is labeled as "woke politics" and you can't talk politics, we have a problem.

If you read the rebuttal Coinbase did 3 investigations, 2 of them by external reviewers (with the doucmentation made available to the nytimes) who found no evidence in the complaints. This is a hatchet job by the woke nytimes using identity politcs to cow a company who refused to kneel.

they did three investigations because coinbase only received three official complaints.

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#33
From Coinbase's preemptive rebuttal[1]:

"we hired an external consultant in August of this year who specializes in data science and diversity and inclusion to cull through all of our historic data related to diversity ... and conduct a high volume of interviews with employees representing all background, functions, and tenures to understand the employee experience. The independent investigation concluded that there was no evidence of structural bias in hiring, promotions or performance evaluations."

"All of those complaints were thoroughly investigated, one through an internal investigation and two by separate third-party investigators, all of whom found no evidence of wrongdoing and concluded the claims were unsubstantiated. We have shared this information with the reporter."

So external investigators didn't find anything wrong and the data was shared with the NYT reporter. What else can they do if they are really innocent?

[1] https://blog.coinbase.com/upcoming-story-about-coinbase-2012...

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#34
post #24

Earlier quoted context omitted.

This is exactly my point. What in this article is "woke politics"? It is all just basic "don't be racist" problems. When that is labeled as "woke politics" and you can't talk politics, we have a problem.

If you read the rebuttal Coinbase did 3 investigations, 2 of them by external reviewers (with the doucmentation made available to the nytimes) who found no evidence in the complaints. This is a hatchet job by the woke nytimes using identity politcs to cow a company who refused to kneel.

If there is no evidence, what are they being pressured to "kneel" to?

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#36
post #7

> I know it’s frustrating and distracting. Let’s keep focused on building an amazing company together. One would hope an amazing company that doesn't cover it's ass when it turns out the executive couldn't give a hoot about the treatment of black people and now everyone knows

Yeah you better kneel whitey or you're definitely a racist.

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#37

11 of then ~20 Black employees by early 2019* had complained to HR about racism. That's over half! And that's only the people with the fortitude or optimism to talk to HR (HR is notoriously useless at many companies). That's a complete disaster. 15 of that 20 quit! Why wasn't that treated as an emergency? *At the end the article says at the end of 2019 there's 31 Black employees of 1000. At the beginning of the artic…

> Why wasn't that treated as an emergency?

Companies can be incredibly callous about retention issues, especially if fixing them involves noticing which managers are responsible for behaving badly towards their staff.

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#38

Earlier quoted context omitted.

If you read the rebuttal Coinbase did 3 investigations, 2 of them by external reviewers (with the doucmentation made available to the nytimes) who found no evidence in the complaints. This is a hatchet job by the woke nytimes using identity politcs to cow a company who refused to kneel.

If there is no evidence, what are they being pressured to "kneel" to?

Maybe you're not aware of the back story. Coinbase was one of the few large companies that did not go all woke over the George Floyd incident.

The identity politics activists in the company took offence to this and demanded management make a statement. When management refused to bend the knee the activists made allegations of racism and took them to the nytimes.

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#39
post #37

11 of then ~20 Black employees by early 2019* had complained to HR about racism. That's over half! And that's only the people with the fortitude or optimism to talk to HR (HR is notoriously useless at many companies). That's a complete disaster. 15 of that 20 quit! Why wasn't that treated as an emergency? *At the end the article says at the end of 2019 there's 31 Black employees of 1000. At the beginning of the artic…

> Why wasn't that treated as an emergency? Companies can be incredibly callous about retention issues, especially if fixing them involves noticing which managers are responsible for behaving badly towards their staff.

Especially when the solution to these issues is also a retention issue as you likely have to fire other people for their behavior.

Re: ‘Tokenized’: Black Workers’ Struggles at Coinbase

#40

From Coinbase's preemptive rebuttal[1]: "we hired an external consultant in August of this year who specializes in data science and diversity and inclusion to cull through all of our historic data related to diversity ... and conduct a high volume of interviews with employees representing all background, functions, and tenures to understand the employee experience. The independent investigation concluded that there w…

Nothing, they refused to participate in valley politics and are now the enemy. They can do nothing. In the eyes of NYT reporters and similar, they are evil.
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