Oct 8, 2020 - Economy & Business

Coinbase says 5% of employees took exit package

Illustration of a crypto coin pixelating and gradually disappearing
Illustration: Aïda Amer/Axios

After it offered employees an exit package if they no longer feel aligned with the company's mission and culture, Coinbase says about 5% of its employees (60 of them) have taken the deal. It adds that employees of underrepresented groups did not leave disproportionately.

Why it matters: CEO Brian Armstrong sparked fiery debate within the tech industry with a recent blog post stating the crypto company plans to not take any political stances going forward and won't be holding any company-wide discussions not related to its work.

Go deeper: Behind the scenes of the Coinbase controversy

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