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Coinbase employees petition to remove execs

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Re: Coinbase employees petition to remove execs

#301

Post by jjulius »

throw172643 wrote: post #296
barmstrong wrote: post #271

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

Yikes. Insulting your employees is not a good look. > We praise in public and criticize in private But you’re criticizing employees in public right now? As the CEO and founder I think you need to be receptive to criticism and take it on the chin. This tweet reads as if it was written in a frustrated, spontaneous episode. That’s also not a really inspiring look for outsiders or investors. Best of luck, I’m moving over…

He ends his whole thread with:

>If you're unhappy about something, work as part of the team to raise it along with proposed solutions (it's easy to be a critic, harder to be a part of the solution).

Yet all his thread does is criticize this petition without trying to understand and work with the person who wrote it. I understand that a CEO would be very unhappy at something like this and I can't fault him for feeling that way, but he'd do well to listen to his own point in this instance - "be a part of the solution".

Re: Coinbase employees petition to remove execs

#303

Post by wonderwonder »

barmstrong wrote: post #271

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

This response reminds me of a company in the cannabis software space where recently the engineers put together a letter essentially saying they were not happy with the work environment, that the company was focused on the wrong things and that the CTO was not doing a good job. It was signed by 10 out of 12 engineers I think. They got no response. 2 weeks later they had layoffs and got rid of every engineer that signed the letter. I think they have 2 engineers left. This happened a few weeks ago. This is the second time the engineers have expressed something like this, the last time, every Sr. engineer just quit in a ~6 month period (7 total I think).

Re: Coinbase employees petition to remove execs

#305

Post by digianarchist »

thematrixturtle wrote: post #25

This is a pretty vague and poorly thought out petition. It leads with the collapse of NFTs, which has little if anything to do with Coinbase or its execs; it complains about infra/tech debt but says nothing about why that's bad, much less the execs' fault; fluff like "a generally apathetic and sometimes condescending attitude" is not actionable; and much of the phrasing like "the wisdom of the crypto industry" (lolwu…

As a former union bargaining-unit negotiator, asking for C-level execs to be fired is too big of an ask, especially done via petition.

They'd be better off either trying to form a bargaining unit and attempt to get management to rollback on the performance management changes.

Re: Coinbase employees petition to remove execs

#307

Post by isthispermanent »

fathyb wrote: post #10

Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…

This is not what the Dot Collector was intended for. It was intended for live discussions debating market conditions. Bridgewater would use it so participants could rate and then aggregate.

For instance there are 10 people in a meeting and Person 1 is talking about the Bank of Japan effect on the EUR/USD. The other 9 would rate that person on this specific topic in terms of "credibility, experience, etc...". The results would then be displayed after all people talked and were given so the team could come to a consensus on correct action.

Brilliant if used correctly. Does not sound like it's being used as intended.

Re: Coinbase employees petition to remove execs

#310

Post by outside1234 »

barmstrong wrote: post #271

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

> posting this publicly is also deeply unethical

No it's not. It's often the only recourse because of the certainty of retaliation because of the power imbalance.

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