[HN Gopher] A follow up to Coinbase being a mission focused company
       ___________________________________________________________________
        
       A follow up to Coinbase being a mission focused company
        
       Author : gyre007
       Score  : 106 points
       Date   : 2020-10-08 17:51 UTC (5 hours ago)
        
 (HTM) web link (blog.coinbase.com)
 (TXT) w3m dump (blog.coinbase.com)
        
       | calcsam wrote:
       | As a comparison, when Zenefits offered two months of severance
       | and four months of COBRA (less than Coinbase), 10% of the company
       | took it.
       | 
       | https://www.cnbc.com/2016/06/20/zenefits-ceo-says-about-10-p...
        
         | [deleted]
        
         | MattGaiser wrote:
         | Zenefits does not seem to have the best company culture.
         | 
         | https://www.linkedin.com/pulse/losing-job-offer-quora-uber-v...
        
       | beervirus wrote:
       | The policy seems pretty reasonable to me. Surprising that 60
       | people would quit because the company wants to make money instead
       | of virtue signal.
        
         | sparkie wrote:
         | It's the same as saying "Don't discuss religion at work." A
         | religious fundamentalist would take issue with the mere fact
         | that they are being told not to discuss their religion. That's
         | what we have with virtue signalling types. They are religious
         | fundamentalists, and their religion is Statism.
        
           | beervirus wrote:
           | And not even "don't discuss it at work" (although that would
           | also be a fine rule). More just that the company itself isn't
           | going to be in the business of lobbying for any particular
           | politics.
        
           | andreygrehov wrote:
           | The problem with politics- and religion-like conversations is
           | that it's like walking on the edge of a sword-it's quite easy
           | to get into debates. Debating with your work colleagues about
           | politics is something one would better avoid.
        
       | decafninja wrote:
       | I don't work in a Silicon Valley tech company, so maybe my
       | perspective is out of touch with what's going on in SV.
       | 
       | But I thought it was generally understood that there were certain
       | topics you really ought not to talk about at work including
       | religion, politics, disclosing your salary, etc.
       | 
       | Has this changed? Or am I misunderstanding something?
        
         | elektor wrote:
         | Not talking about your salary only benefits the employer and
         | allows them to deflate workers wages.
        
       | lykr0n wrote:
       | I wanted to find an example for my response to this article, and
       | I can't. I was looking for the sites like GitHub, Go Docs,
       | Cloudflare, Hashicorp, and others what splashed a
       | "#BlackLivesMatter" header on across all their sites. I remember
       | a lot of places slapping banners or changing their headers black
       | in support of the movement, and now I can't find any examples of
       | that happening. They all seem to have been removed by this point.
       | 
       | So- what was accomplished? I don't remember which companies
       | supported "the cause." All I know is that the companies that I
       | thought I did no longer do- or at least don't show support any
       | more. Which stands out to me more then their support.
       | 
       | Tells me that two things happened.
       | 
       | 1. The companies wasted time figuring out how they should show
       | their support, implementing those features, and all the
       | associated work with making major changes to frontends. Spend
       | hours figuring it out, most likely had meetings to discuses how
       | to do it and what they should say.
       | 
       | 2. The stopped showing supporting it after a point in time, which
       | tells me they don't actually care. They just want to show they
       | do.
       | 
       | I'm guessing they showed support for two reasons. First is some
       | sort of genuine support for the cause, but the 2nd is a fear of
       | internal backlash for not showing support.
       | 
       | Good on Coinbase for removing the elements inside their company
       | that would get pissed if their company didn't take an active
       | stand on flavor of the month political issues. When I go to work,
       | I'm there to do my job and get paid. I don't want to have to deal
       | with people fighting over what political stand the company should
       | take a position on this month. I don't care that my programming
       | language's maintainers voiced support or not. I don't care that
       | program X or Y slapped a banner on their products for the month.
       | 
       | The fact that there was visible support for for Black Lives
       | Matter that was removed a month later is a lot more telling then
       | their support. You want to be apart of the movement without
       | actually doing anything to fix the issues.
       | 
       | If you want to be political as a company, quietly donate money to
       | the causes you support. Provide resources such as technical help
       | or free/discounted services to the causes you support. That's
       | infinitely more productive and helpful then letting your
       | employees fight over what token gesture they want the company to
       | show.
        
         | hnracer wrote:
         | It was largely a fashion trend among executives as well as a
         | fear of being singled out as being not onboard with BLM. It's
         | better to be with the crowd, at least you are immune to
         | specific criticism.
         | 
         | We saw a similar fashion trend in company cancellations of
         | Facebook ads, multiple companies cancelled their ads for a
         | short duration at the same time (each cancellation catalyzing
         | the next) and we've heard nothing about that since.
         | 
         | I find it quite interesting honestly.
        
         | redis_mlc wrote:
         | For non-US HN readers, or those not current on BLM:
         | 
         | - to unpack your superficial post would take a 200-page book
         | because it touches on multiple overlapping and non-overlapping
         | issues
         | 
         | - but the short story is that the US public, and peaceful
         | protesters, agree with the concept of improving black legal
         | system rights, but the organizers and rioters behind the arson
         | attacks are Marxist fronts, apparently funded by the CCP.
         | 
         | Their goal is anarchy, not BLM reform - literally they want to
         | make the US ungovernable so they can field their own political
         | structure built upon the rubble they created.
         | 
         | - the original problem was police unions and captive DAs, which
         | has been lost in the noise, and would take an extreme focus to
         | fix even in the best of times. I don't think peaceful protests
         | can solve a problem that entrenched at all, but neither can
         | foreign-incluenced Marxists
         | 
         | We know now that the National Guard should have been called out
         | in downtown areas, and arsonists should have been shot. Many
         | moved from city-to-city, burning as they went.
         | 
         | Regarding your comment about web site banners, it's likely that
         | when the Marxists started to burn downtowns, companies wondered
         | what exactly they were supporting. They got a clue well ahead
         | of the Democrats - it took Pelosi 2 months to denounce the
         | riots, which really meant the party supported it.
         | 
         | You can learn more about the CCP involvement by watching recent
         | Youtube NTD/Epoch Times channel videos. They have experienced
         | China-watch reporters on staff researching CCP inroads into the
         | US.
        
       | stonogo wrote:
       | Ironically, now that the Coinbase CEO has politicized quitting, I
       | wonder how many people wanted to take another job but now are
       | afraid to because they'd be labeled 'activists' by reactionary
       | hiring managers.
        
       | DevKoala wrote:
       | > It was reassuring to see that people from under-represented
       | groups at Coinbase have not taken the exit package in numbers
       | disproportionate to the overall population.
       | 
       | I figured as much. Coinbase sounds like a great place to work if
       | this works out.
        
       | easton wrote:
       | Of course, it's impossible to know now, but I wonder how many
       | people would've still left if there was no exit package. It's
       | possible some decided they wanted to work somewhere else and saw
       | a way out.
        
         | jseliger wrote:
         | That's just what I was thinking: if I were in a job I was on
         | the margin of leaving anyway, and an exit package were offered,
         | that might be sufficient to make me make the move.
        
         | dangus wrote:
         | I don't know if they still do this, but I recall Zappos having
         | a constant offer on the table to pay you to quit.
         | 
         | I bet they didn't have 5% turnover over some time-deaf email
         | from the CEO.
         | 
         | My guess: those 5% got sick of tone-dead all hands
         | meetings/memos and saw their chance to bail out.
         | 
         | I wonder what other companies during the Covid recession has 5%
         | voluntary turnover?
        
           | giancarlostoro wrote:
           | My only question is what are employees proposing CoinBase
           | takes a stance over? If you want something like
           | cryptocurrencies to thrive you can't be overly policing them,
           | that's not your job as a company.
           | 
           | Your job is not a political platform unless you work with
           | politicians on their campaigns or are a politician / other
           | form of politically affiliated / influenced company.
           | 
           | Politics can make people feel extremely uncomfortable
           | especially if they feel suppressed and as a minority are
           | bullied by other employees.
        
             | dangus wrote:
             | I made another longer comment about it on this thread.
             | 
             | The gist of it is that a competent HR department can make a
             | statement without directly committing support to any
             | particular organization or group that they aren't
             | comfortable with.
             | 
             | Saying "I refuse to comment and you're not allowed to
             | comment" is the worst way to go about it, literally
             | anything would be better.
             | 
             | There are also ways to train on empathy, bias, and general
             | employee-to-employee communication that can guide employees
             | through those conversations with colleagues.
        
               | hnracer wrote:
               | Regarding bias training that you mentioned, the Heterodox
               | Academy did a literature review and concluded that there
               | isn't adequate evidence to conclude efficacy and if
               | anything the effects are deleterious on workplace
               | cohesion.
        
           | stagger87 wrote:
           | Zappos will pay _new_ employees (reportedly 4k USD) to quit.
           | 
           | Coinbase's offer was 4-6 months severance with benefits over
           | that timeframe.
        
           | nscalf wrote:
           | It seems much more time-deaf to think that everyone wants to
           | be involved in this highly stressful, chaotic game of
           | identity politics. Some people just want to do their job.
           | Personally, I want to focus on what I'm working on while at
           | work, not have my boss preach their particular views at me. I
           | bet the meetings/memos were not very tone-dead if you were
           | there to work on what the company was doing.
           | 
           | My guess: 1-2% of those people are the loud, annoying group
           | that demands everyone behave how they think they should, and
           | the other 3-4% were people who saw an opportunity for a long
           | paid vacation while they look for another role.
        
         | MattGaiser wrote:
         | 6 months of pay as severance. I could find another job in a
         | couple weeks and I am not that skilled or experienced a
         | software engineer. It would be quite tempting.
        
         | arnvald wrote:
         | I think this is also true from the other side - probably more
         | people would leave if we weren't in a recession.
        
       | x87678r wrote:
       | A few years ago when bitcoin was going up in value so much
       | Coinbase was one of the best places to be, now I dont see much
       | upside for the company, I imagine a bunch of people there are
       | happy to leave.
        
         | [deleted]
        
         | bioinformatics wrote:
         | I am not a mathematician, so don't quote me, but it seems 5%
         | are happy to leave.
        
         | raiyu wrote:
         | As they make money on each trade of Bitcoin they are doing
         | quite well financially even if Bitcoin prices aren't shooting
         | to the moon.
        
       | bdamm wrote:
       | Companies aren't generally supposed to be political. Is the story
       | here that Coinbase is offering a severance for employees that
       | feel the company should be doing more? Seems like an incentivized
       | quit.
        
         | mnd999 wrote:
         | This is incredibly naive. Companies hire lobbyists, make
         | political donations, give seats on the board to former
         | politicians, setup fake grass-roots campaign groups, play
         | states off against each other for tax-breaks. It happens all
         | the time.
         | 
         | I'm guessing now they're apolitical Coinbase wont be doing any
         | of that.
        
           | bdamm wrote:
           | Of course companies play politics to tilt the market in their
           | favor. What I mean is that companies don't often take
           | political stances like "we encourage all our employees to
           | vote X" or "we believe candidate y is the right fellow" or
           | even "we support z ballot initiative" as a company position.
           | Companies might do that one hand removed, but almost never do
           | it directly as a company policy. An example too would be "we
           | support black lives matter". Some companies do, vast majority
           | do not.
        
         | CarelessExpert wrote:
         | > Companies aren't generally supposed to be political.
         | 
         | I honestly don't understand how you could believe that.
         | 
         | Every oil and gas company or tobacco company has been
         | historically engaged in politics.
         | 
         | IBM and BMW famously enabled the Nazi regime during WWII.
         | 
         | Union busting and strike breaking throughout the 70s and 80s
         | was entirely political.
         | 
         | Silicon Valley, in general, _heavily_ invests in political
         | lobbying, including Coinbase itself!
        
       | Taylor_OD wrote:
       | I'm still shocked by the support over this policy. Having no
       | stance on a topic is taking a stance on a topic. I'm surprised
       | they didn't have more people leave. It's looks like from the
       | article they have lost 5% so far and haven't finished talks with
       | all employees.
        
         | MattGaiser wrote:
         | > Having no stance on a topic is taking a stance on a topic.
         | 
         | Semantically perhaps, but not in practice. On most issues there
         | are those who support, those who oppose, and a lot of neutrals
         | who do not want to be involved and do not want to be caught in
         | the middle of the fighting.
        
       | generationP wrote:
       | "We are the 5%" will make a great political slogan.
        
         | aksss wrote:
         | Yeah, that was already taken decades ago:
         | https://en.wikipedia.org/wiki/Five-Percent_Nation
        
       | redm wrote:
       | I feel like this is the start of a rising tide. I think Brian's
       | stance is great, companies have missions, they should focus on
       | those missions. Everything has become so political that your
       | work, which occupies a large portion of your life, should not be
       | divisive.
        
         | ketzo wrote:
         | > ...your work, which occupies a large portion of your life,
         | should not be divisive.
         | 
         | I get that desire, I really do, but I think it's so important
         | to recognize that your work is _not_ apolitical. It doesn 't
         | matter what you're building. What you build does not exist in a
         | vacuum, and the decisions you make around politics at work _are
         | themselves political decisions._
        
           | f69281c wrote:
           | To me this take rolls into the general "silence is violence"
           | or "either you're with us or against us" refrain that has
           | become background noise to me. It reads the same as someone
           | telling me I'm enabling fascism by not posting a black square
           | on instagram or whatever.
           | 
           | I'm nearing the point of being aggressively dismissive
           | towards this kind of attitude, because a lot of it doesn't
           | even seem to be laid out in good faith. People are just
           | addicted to being mad, addicted to being right, addicted to
           | the idea that they can channel their anger through pop
           | politics and get validation for it as a bonus.
           | 
           | I have an extremely low opinion of the people and groups who
           | follow along with whatever pop social issue is trending today
           | because they don't want to get in trouble, and IMHO those
           | people aren't really worth interacting with because again,
           | it's more about landing a spicy dunk on the bad guys (tm) and
           | collecting heart icons than whatever issue they're using as a
           | weapon today.
           | 
           | >your work is not apolitical. It doesn't matter what you're
           | building
           | 
           | spare me.
        
             | freeone3000 wrote:
             | We control the information flow for billions. How the hell
             | could that NOT be political?
        
           | dingaling wrote:
           | > work are themselves political decisions
           | 
           | But those political decisions are ones relevant to the
           | mission of the company.
           | 
           | Coinbase probably shouldn't be involved in politics around
           | police reform, fracking, climate change or the Second
           | Amendment because they are orthogonal to its mission. Insert
           | other topics as you see fit.
           | 
           | And hence its employees should leave their opinions of such
           | matters at the door.
           | 
           | Coinbase should be focused on politics around global
           | financial regulation. And its employees should focus their
           | workplace political energy on those matters.
           | 
           | Also, it's generally just polite and respectful to your
           | coworkers to provide a non-political, non-partisan workplace.
        
             | kelnos wrote:
             | I'm sympathetic to this argument because on the face of it,
             | it seems correct and should be the way we ideally do
             | things.
             | 
             | But many things in the world that should not be politicized
             | are, in fact, politicized. Perhaps Coinbase wants to hire a
             | more diverse bunch of people, and starts an internal
             | initiative to do so. Perhaps they do this not out of any
             | political motivation, but because they genuinely believe
             | (as they should!) that having a more diverse workforce will
             | help them make better decisions about their product.
             | 
             | But _of course_ there will be some (many?) who will decry
             | this as Coinbase  "being political". You just can't win,
             | really.
        
               | throwaway894345 wrote:
               | I'm not coinbase, so I can only speculate as to their
               | meaning. While it's possible to define "political" so
               | abstractly that it becomes all-encompassing, it's pretty
               | clear to me that they probably mean to prohibit political
               | debates that are unrelated (or only very tenuously
               | related) to their core mission.
               | 
               | "We should hire a more diverse workforce because
               | diversity improves our collective judgment, thereby
               | furthering our mission" is on its face a fine subject for
               | discussion provided you're evaluating the claim on its
               | merits and not sneaking in overtly political implications
               | like "we have a moral responsibility to hire diverse
               | candidates". One could envision a fruitful, dispassionate
               | discussion about how much return on investment the
               | company could expect from a diversity initiative, how
               | that ROI stacks up against other opportunities, how to
               | measure the ROI and make sure the initiative is meeting
               | expectations, whether or not it runs afoul of anti-
               | discrimination law, what kind of diversity (race, gender,
               | viewpoint, etc) is most likely to yield the highest ROI,
               | etc.
               | 
               | Of course, it's _prudent_ to stay away from these kinds
               | of charged topics altogether because it 's very likely
               | that you have employees that will take this as an
               | opportunity to pollute a potentially productive
               | conversation with their overtly political opinions.
               | 
               | That some things are easily abused by bad-faith employees
               | doesn't mean that we should let bad faith employees have
               | free reign.
        
             | mrguyorama wrote:
             | Taking "no stance" on a political issue is itself a
             | political stance for the status quo. It is impossible to
             | not be political
        
               | username90 wrote:
               | If the outcome of society would be the same if you exist
               | or not then you are not political. For example if you
               | don't vote and don't support any political causes, then
               | the people who take the time to get involved decides
               | everything and you had no influence.
        
               | xmprt wrote:
               | There are 4 levels of competence. For all the people who
               | know they are incompetence and therefore abstain from
               | voting there are a lot of people (possibly more) that
               | don't know their incompetence and decide to vote
               | regardless. If you're not voting because you're
               | uninformed, you're probably much more informed than many
               | of the people who are voting.
        
             | bluntfang wrote:
             | >Coinbase probably shouldn't be involved in politics around
             | police reform, fracking, climate change or the Second
             | Amendment because they are orthogonal to its mission.
             | 
             | It's impossible to not involve yourself in politics that
             | effect your employee's everyday lives.
        
           | baggy_trough wrote:
           | This is really a noxious idea. It's like saying that because
           | we all breathe the same air, everything I do affects you. No,
           | not in the vast majority of cases.
        
           | ErikBjare wrote:
           | I see people replying this a lot, and those who do must have
           | missed what Brian said about it this exact thing in his
           | original post.
        
         | choko wrote:
         | I hope so. I enjoy talking about politics and social issues and
         | think the discussion is important, but not at work. It's a
         | distraction and it is alienating to employees who do not share
         | the majority opinion.
        
         | yokaze wrote:
         | I see it the other way around. (Almost) everything is
         | political. The mission of the company is not disjoint from the
         | society it is embedded in. Things have become divisive by being
         | able to ignore and blend out the opposing views. By not talking
         | and listening to one another.
         | 
         | This is just one more step in that direction.
         | 
         | Funnily enough, I think it has been extrapolated by Neal
         | Stephenson in Diamond Age. We will end up having parallel
         | societies which define themselves not by geographic boundaries,
         | but by affiliation. A North Korean community could be your
         | neighbour.
        
           | claydavisss wrote:
           | "everything is political" = "people who agree with me can be
           | as loud as they like"
        
           | drivingmenuts wrote:
           | I tend to treat politics and religion as subjects best dealt
           | with on my own time. The company is paying me to get results
           | for the company, not the larger society. If I somehow
           | disagree with the perceived politics, I'm free to seek other
           | employment. Implicit in this position is that the company
           | doesn't get to dictate either politics or religion handled in
           | my personal time.
        
           | disposekinetics wrote:
           | >(Almost) everything is political.
           | 
           | I'm curious what your definition of political is, because my
           | gut feeling is that (Almost) nothing is political.
        
             | SolarNet wrote:
             | HTTPS is political (see attorney general of united states).
             | Do you use HTTPS on your websites? (a step against the U.S.
             | government position) Have you turned HTTPS off in your
             | browser? (a step towards the U.S. government position) Do
             | you implement forward perfect secrecy for HTTPS
             | connections? (more against U.S. government position) How do
             | you weigh it's threat to national security against it's
             | protection from criminals for individuals and companies?
             | 
             | All of these actions can be viewed as political statements.
             | Everything is political.
        
               | RIMR wrote:
               | The DOJ just today announced that they are drafting new
               | regulations on Cryptocurrency markets.
               | 
               | Coinbase is intrinsically political. They're a financial
               | institution. Their product is subject to both laws and
               | public scrutiny.
        
               | SolarNet wrote:
               | Absolutely, which is why their apolitical stance is
               | absurd.
        
             | RIMR wrote:
             | This does seem to be the standard Libertarian worldview,
             | but no matter how much you intend to ignore the world
             | around you, it exists and you're a part of it, and you
             | answer to your neighbors.
        
               | disposekinetics wrote:
               | >you answer to your neighbors
               | 
               | Fundamentally, this is our disagreement.
        
               | mrguyorama wrote:
               | That's like not agreeing that water is wet
        
               | ardy42 wrote:
               | > This does seem to be the standard Libertarian
               | worldview, but no matter how much you intend to ignore
               | the world around you, it exists and you're a part of it,
               | and you answer to your neighbors.
               | 
               | One clever way to deeply entrench a political decision is
               | to convince others that it's not a political decision at
               | all. If you're successful, you've erected a barrier
               | against your opponents by interfering with their ability
               | to even conceive opposition to your position. It's sort
               | of like the concept of Newspeak.
        
             | femto113 wrote:
             | Even deciding what is political or not is political. If you
             | try to limit the definition to something putatively
             | objective like "directly relating to the function of
             | government agencies" a great many topics are immediately
             | ambiguous: institutionalized racism? marriage? the
             | environment? the economy?
        
               | disposekinetics wrote:
               | That's totally fair, I hadn't considered it from that
               | perspective. In my mind politics are things like the tax
               | rate. So a social issue could never be political.
        
             | chipotle_coyote wrote:
             | To me, "everything is political" is a bumper sticker
             | version of the assertion that what is and isn't "political"
             | in the sense of "political statement" is often way more
             | subjective than we sometimes recognize it is.
             | 
             | If a coworker talks about his husband, is that a political
             | statement? To some people, absolutely, right?
             | 
             | How about someone mentioning a concert that they've gone
             | to, for an artist that's outspokenly political one way or
             | another? Just a concert, right?
             | 
             | What about talking about a great movie or TV show, if those
             | are, I don't know, "Sorry to Bother You" or "Lovecraft
             | Country"?
             | 
             | Can you mention that you went to a gun show, or a shooting
             | range?
             | 
             | Can you recommend a Jordan Peterson book?
             | 
             | Can you put an NRA logo on your car?
             | 
             | What about a BLM logo?
             | 
             | What about on your T-shirt?
             | 
             | If a coworker goes through a gender transition, how does
             | that get handled in a way that _everyone,_ across the
             | board, considers apolitical? Good luck with that: the very
             | act of transitioning is, to a significant portion of the
             | population, itself political.
             | 
             | So, I mean, sure, not _literally_ everything is political,
             | but if you give the statement a bit more of a generous
             | reading than  "Come on, are you saying _ice cream_ is
             | political? Harrumph! ", you can see the point being made.
             | 
             | (Also, re: ice cream: what about Ben & Jerry's?)
        
             | nemothekid wrote:
             | Do you believe end to end encryption is political? Do you
             | believe that companies should disable E2E encryption in
             | order to be "apolitical" in the eyes US's attorney general?
             | 
             | How do you believe Coinbase, a cryptocurrency corporation,
             | will remain "a political" in the design of their systems
             | given the changing political climate around crypto? Does
             | that just mean bowing down to whatever the administration
             | says? Do you believe Coinbase will remain "apolitical" is
             | the US begins to enact policy that causes Coinbase users to
             | find alternatives?
             | 
             | Do you believe Coinbase employees will have no opinion on
             | the way the justice department handles cryptocurrency?
        
             | ardy42 wrote:
             | > I'm curious what your definition of political is, because
             | my gut feeling is that (Almost) nothing is political.
             | 
             | Politics is more than just the rituals of government
             | officials or what gets written about in the politics
             | section of the newspaper:
             | 
             | > Politics (from Greek: Politika, politika, 'affairs of the
             | cities') is the set of activities that are associated with
             | making decisions in groups, or other forms of power
             | relations between individuals, such as the distribution of
             | resources or status.
             | (https://en.wikipedia.org/wiki/Politics)
             | 
             | For instance, this effort to create an "apolitical
             | workplace" could probably be understood as political
             | project to stamp out elements of bottom-up democratic
             | political culture in favor of a more autocratic political
             | culture. At work we keep our heads down and follow the
             | edicts (mission) of our leaders.
        
             | yokaze wrote:
             | From entering "define political" in Google:
             | 
             | 1. relating to the government or public affairs of a
             | country.
             | 
             | Not the one the parent probably means:
             | 
             | 2. (DEROGATORY) done or acting in the interests of status
             | or power within an organization rather than as a matter of
             | principle.
             | 
             | Whatever a company does, it relates in some way to the
             | public affairs of a country. Either in what you offer, or
             | what you need to produce your offer. Your company is
             | hopefully affecting the public affairs of your country in
             | more than one way. And that I think had very much a place
             | at work.
             | 
             | The delineation between public affair and private matter
             | seems to be quite arbitrary at times.
             | 
             | I would say abortion is a private matter, or who you marry
             | or which combination of sex chromosomes you have, but all
             | those things are very high on the list of things being
             | discussed.
             | 
             | Here I have to say, I'm more likely to give the point, that
             | those topics are not professionally relevant, but neither
             | is sports.
        
               | throwaway894345 wrote:
               | It's safe to say that a company can impact the public
               | affairs of a country by creating economic value without
               | taking an official speculative stance on e.g. the racial
               | distribution of unjust police killings. It's pretty
               | obvious to me when people talk about "leaving political
               | topics out of the workplace" they mean "topics which are
               | unrelated to one's work".
               | 
               | Arguments like "abortion is highly related to site
               | reliability engineering" are pretty overtly disingenuous
               | in a very clear-cut fashion.
               | 
               | > Here I have to say, I'm more likely to give the point,
               | that those topics are not professionally relevant, but
               | neither is sports.
               | 
               | Sports don't cause the same degree of strife in the
               | workplace. No one is demanding anyone's termination
               | because they like a different sports team or because they
               | were caught in a photograph gesturing in a way that looks
               | vaguely like the hook 'em horns gesture
               | (https://en.wikipedia.org/wiki/Hook_%27em_Horns).
        
               | [deleted]
        
           | skybrian wrote:
           | Missions are often in pursuit of political goals. (It's a
           | political stance that promoting the use of cryptocurrency is
           | good, and not one I share.)
           | 
           | But, this doesn't mean an organization has to take a position
           | on every hot-button political issue. Even the Biden campaign,
           | a a political organization if there ever was one, needs to
           | focus on getting their candidate elected, and not on things
           | that divide Democrats.
           | 
           | To agree on a mission doesn't mean people on the organization
           | need to agree on everything. Putting aside any differences on
           | stuff not related to the mission is important in being able
           | to work together as a team.
        
             | RIMR wrote:
             | But that's not what is being addressed. Not getting
             | involved in "every hot-button political issue" is clearly
             | advisable, but Coinbase is preemptively deciding that all
             | political conversation is off the table while they run a
             | highly unregulated multi-billion dollar currency exchange.
             | 
             | There are going to be political issues that involve
             | Coinbase, and if they're deciding already to ignore any
             | role they play in society, we need to be highly critical of
             | every decision they make moving forward.
        
               | samatman wrote:
               | This has been explicitly contradicted by several of their
               | communications, including the one which launched this
               | thread.
        
               | yokaze wrote:
               | Exactly: Being "apolitical" is a political decision. In
               | this case: Don't question what we are doing (in the
               | larger picture) or what our impact is.
        
           | yeetawayhn wrote:
           | If everything is political, then nothing is.
        
             | scottlocklin wrote:
             | "Everything is political" is literally the working
             | definition of totalitarianism.
        
               | dragonwriter wrote:
               | > "Everything is political" is literally the working
               | definition of totalitarianism.
               | 
               | No, its not.
               | 
               | "Everything must be directed by the coercive power of the
               | state" is. The former does not imply the latter (the
               | scope of the coercive power of the state is, itself, a
               | political issue.)
        
             | int_19h wrote:
             | One's preferred flavor of ice cream is apolitical. But
             | anything that involves more than one person, and actual or
             | potential conflicts between people, is political. Status
             | quo, as a whole, is political.
             | 
             | And that constitutes a much larger part of our lives than
             | is traditionally acknowledged. Which is itself, also, a
             | political matter, because designating a subset of actual
             | politics as "officially politics", and then marginalizing
             | that subset, is one way to slow down further political
             | developments in that department.
        
               | Rebelgecko wrote:
               | I don't think your comment is entirely true. For example
               | I think a lot of purchases of the Bernie Sanders flavored
               | ice cream from Ben & Jerry's had nothing to do with the
               | actual taste of the ice cream.
        
             | zorpner wrote:
             | Could you clarify what you mean by this?
        
               | throwaway894345 wrote:
               | If you define "political" in such a way that nothing can
               | be "apolitical" then the word "political" completely
               | loses its meaning. The whole point of any adjective is to
               | distinguish between things. It's a tautology.
        
               | maximente wrote:
               | one can also think of what it means if almost everything
               | is unique, or almost everyone is smart, etc.
        
           | novok wrote:
           | You only have so much time, money, energy and attention, and
           | they are choosing that they do not want to actively spend
           | that energy on active activism as a company outside of their
           | company mission.
        
           | throwaway894345 wrote:
           | The mission of the company isn't completely disjoint from the
           | broader political context, but relevance isn't a binary
           | proposition. If Google's mission is to make the world's
           | information more accessible, and it stopped everything and
           | put all of its efforts toward (for example) minimizing unjust
           | police killings, how much closer to its mission would it be
           | than if it focused on making search better (even if we assume
           | all Google employees have exactly the same idea about how to
           | achieve it)? I would argue that investing in search is an
           | astronomically better investment with respect to Google's
           | mission. Never mind how unproductive that effort would
           | certainly be, considering how divisive this topic has become
           | (to be clear, the division is about whether or not unjust
           | police killings are strongly racially biased, not whether or
           | not unjust police killings are ideal).
           | 
           | I agree that our divisiveness is caused by an unwillingness
           | to listen to one another, but I don't think avoiding
           | discussion in the workplace is making us less willing to
           | listen. People have lots of opportunities to listen to
           | opposing views outside of the workplace, and yet many
           | positively _pride themselves_ on ignoring dissenting opinions
           | --ostracizing one's family for wrongthink is a veritable
           | badge of honor in certain ideological communities. I don't
           | see how bringing that divisiveness into the workplace is
           | going to soften those people.
           | 
           | If someone is deeply committed to ignorance and divisiveness,
           | allowing them to proselytize at work doesn't seem fruitful
           | (everyone who is not committed to ignorance has likely
           | already considered their views) and is very likely going to
           | be harmful. On the other hand, there is a chance that by
           | ignoring politics at work, people might have a chance to
           | build relationships with reasonable people (who they
           | otherwise would have written off or persecuted for heresy)
           | which might have a deradicalizing effect (if you look up to
           | someone who is charitable, honest, and open minded, you are
           | probably more likely to emulate those qualities yourself).
        
             | xmprt wrote:
             | I think a lot of governments would be much quicker to
             | regulate companies like Google and Facebook if they weren't
             | also fighting for these political issues. At the end of the
             | day, these political stances help further the companies
             | original mission.
        
               | throwaway894345 wrote:
               | This comment doesn't make much sense to me. I'm not sure
               | if you're talking about political stances that are
               | meaningfully related to the company's mission, and in
               | either case how that would affect governments'
               | willingness to regulate those companies. Are you simply
               | arguing that governments would be more willing to
               | regulate Google if Google didn't spend so much lobbying
               | against regulation? In that case, obviously (this is
               | pretty much tautologically true), but how does that
               | relate to what we're discussing? If we're talking about
               | political stances like "police shootings are _unjustly_
               | biased against black people ", then that's about as
               | unrelated to Google's mission as one could imagine. It
               | seems like mental gymnastics either way.
        
           | knorker wrote:
           | > (Almost) everything is political.
           | 
           | Only in a world where words have no meaning.
        
             | vkou wrote:
             | Politics is the process of determining the allocation and
             | distribution of scarce resources, status, and power.
             | 
             | Unless you are living in a post-scarcity, post-status,
             | post-power anarchist society, populated entirely by The New
             | Soviet Man (or some other fictional relative thereof),
             | everything that's meaningful is, indeed, political.
             | 
             | You can draw a contrast between personal politics and
             | organizational politics. An organization can be explicit
             | that it engages in organizational politics, but bars
             | personal politics. That is what Coinbase is currently
             | doing[1]. That's the CEO's, and the board's prerogative.
             | 
             | [1] It does, however, falsely claim that its organizational
             | political activity is somehow apolitical. It's not.
        
             | kelnos wrote:
             | That's an uncharitably pedantic way of looking at it. I
             | think the parent meant that (almost) every endeavor will
             | have some element of politics in it. That doesn't mean the
             | word "politics" has no meaning.
        
               | samatman wrote:
               | That's an uncharitable way of looking at it.
               | 
               | I think the parent meant that the more you use the term
               | "political" to refer to everything, the less meaning
               | "political" has.
               | 
               | That only means the word "politics" has no meaning at the
               | limit.
        
               | throwaway894345 wrote:
               | > I think the parent meant that (almost) every endeavor
               | will have some element of politics in it
               | 
               | This is textbook pedantry. Obviously "don't discuss
               | politics in the workplace" means "don't discuss divisive
               | topics, especially when they're not particularly relevant
               | to your work".
               | 
               |  _Of course_ everything is  "technically political", but
               | that's not how anyone uses "political" except when
               | they're trying to argue in bad faith (specifically
               | engaging in tautology).
        
               | bcrosby95 wrote:
               | Gay marriage is a divisive topic in the USA. A gay man
               | talking about his wedding around the water cooler is
               | political. A straight man talking about his wedding
               | around the water cooler is not political. The only non-
               | political choice is not allowing either to occur. Because
               | if you allow both, that is a political statement. If you
               | only allow one, that is too.
               | 
               | The funny thing about politics is: a company doesn't get
               | to choose what topics are divisive. People do. All it
               | takes is one person to strongly hold a belief in the
               | office to make it political.
        
               | throwaway894345 wrote:
               | > Gay marriage is a divisive topic in the USA. A gay man
               | talking about his wedding around the water cooler is
               | political. A straight man talking about his wedding
               | around the water cooler is not political.
               | 
               | Talking about one's wedding around the water cooler is
               | not political, irrespective of the speaker's orientation
               | OR the audience's opinions about gay marriage. Similarly,
               | an argument in favoring or opposing gay marriage would be
               | political irrespective of the speaker's sexuality or the
               | audience's opinions. This seems perfectly straightforward
               | to me. It seems like you're trying to make a problem
               | where none exists.
        
               | knorker wrote:
               | > A gay man talking about his wedding around the water
               | cooler is political
               | 
               | Not like "we need to put gay marriage banners on our home
               | page" is political.
               | 
               | I really think people should start respecting the
               | difference.
               | 
               | > All it takes is one person to strongly hold a belief in
               | the office to make it political.
               | 
               | No. It requires them to act on it. To engage in political
               | activity.
               | 
               | It's not political to be a communist at work. It's
               | political to use this belief to steer how the job is done
               | or how the company should perform its mission, or indeed
               | to try to change its mission.
        
           | titanomachy wrote:
           | I think the relevant distinction that Brian makes is not
           | "political vs not-political" but "relevant or not relevant to
           | the business". It seems they are comfortable engaging on
           | political issues that are directly related to what they are
           | doing. For example, affirmative action is arguably a
           | political topic, but it would be on the table for discussion
           | at Coinbase because it's relevant to how they hire.
        
         | [deleted]
        
         | kelnos wrote:
         | Unfortunately I think politics is unavoidable in some (many?)
         | businesses. A financial services company that deals with new
         | currency instruments that aim to supplement or supplant fiat
         | currency is going to be neck-deep in politics pretty often.
         | 
         | Coinbase will have to make political decisions, and it's
         | natural that people within the company will have differing
         | opinions -- informed by their personal politics -- as to the
         | course those decisions should take.
        
       | uniqueid wrote:
       | I could see this working out badly.
       | 
       | I think Coinbase will now attract/retain fewer conscientious
       | employees. The kind of employees who definitely won't leave are
       | the ones with careerist/mercenary personality types. If that
       | becomes a vicious cycle ( per the 'like attracts like' thing
       | https://youtu.be/wTgQ2PBiz-g?t=75 ), the culture could lead to
       | wide-spread ass-covering and fraud.
       | 
       | Then again, this isn't an area in which I have some particular
       | expertise. Maybe it will work out perfectly.
        
         | MattGaiser wrote:
         | 6 months of severance when you can probably get a job in a few
         | weeks is not something a careerist would take?
        
           | uniqueid wrote:
           | Ha, good point! Maybe the balance of those who have already
           | quit is the inverse of what I assumed.
           | 
           | To my point, though, I'm envisioning a longer-term culture-
           | shift.
        
         | modeless wrote:
         | I think the opposite. The employees who stay are the kind who
         | agree with the mission and want to focus on it. The kind who
         | leave were focused on something other than advancing the
         | company's goals. The company will be more effective at
         | achieving its goals with a workforce that is all pointed in the
         | same direction with less distraction. And the CEO mentioned
         | that the people who left were not disproportionately
         | underrepresented, so they are not losing diversity, just
         | increasing focus.
        
           | mtalantikite wrote:
           | "The kind who leave were focused on something other than
           | advancing the company's goals."
           | 
           | I'm not sure that's what happened here. This was started
           | because employees were upset that the company wasn't taking a
           | stance to support the Black Lives Matter movement. If my
           | employer decided to be apolitical around something as basic
           | as saying racism is a thing and Black people shouldn't be
           | killed by the police I'd certainly leave too.
        
           | uniqueid wrote:
           | My thinking is that it takes a certain personality type to
           | whistle-blow, or push back against SOP for moralistic (or
           | customer-focused) reasons. I don't want to overplay my hand
           | here -- I don't know for certain -- but Coinbase's current
           | messaging strikes me as off-putting to that sort of
           | personality type.
        
         | DoofusOfDeath wrote:
         | I'm also interested to see how it works out.
         | 
         | Another possibility that occurs to me is that some employees
         | are very conscientious, but have value systems that are looked
         | down upon in mainstream Silicon Valley culture.
         | 
         | I could imagine such employees being _more_ willing to stay
         | with Coinbase when that potential source of strife is removed.
        
       | onetimemanytime wrote:
       | Isn't 5%, a normal, healthy turnover for a company in that field?
        
       | dangus wrote:
       | I can't think of a worse way to handle this situation.
       | 
       | Sure, I'm not sure what _the answer_ is. Then again, I'm not a
       | _professional HR person who is supposed to be trained in handling
       | these issues._
       | 
       | Having 5% of your workforce quit over nothing more than messaging
       | is a catastrophic failure in people management.
       | 
       | Outright political speech bans at companies may be perfectly
       | justified, but it's usually the case that work environments that
       | have a habit of outright banning _things_ are stifling to be a
       | part of. I'm sure this isn't the first time that employees have
       | heard tone-deaf messaging from corporate, and being offered some
       | money to leave on the heels of some more time-deafness must have
       | been appealing.
       | 
       | It's not hard to have policies and training rooted in being
       | empathetic and respectful toward others. That way you don't have
       | to ban difficult topics. Conversations between coworkers being
       | excessively policed never feels good.
       | 
       | Asking people to always be work robots is completely unreasonable
       | - lifelong friendships and marriages happen with coworkers. We
       | are human, social creatures. Things happen in the world and we
       | spend most of our weekday life at work, so we often need other
       | people at work to talk with about them.
       | 
       | I think the CEO's refusal to take a stance on whether Black Lives
       | Matter is a stance in itself. It's hard not to assume that he
       | _doesn't_ agree with the organization or the statement, even if
       | that's not the case. And while the movement is in some way
       | political, in most ways the organization and the phrase simply
       | stands for the idea that, well, Black Lives Matter. It's simply a
       | marginalized group seeking equal treatment, and there really
       | _shouldn't_ be anything political about being treated as an
       | equal.
       | 
       | Of course, the reactionaries in our world always demand that we
       | think otherwise: that we should be considerate of their views on
       | keeping women, certain races and ethnicities, the differently
       | abled, or people with the "wrong" faith as second-class citizens.
       | They want us to consider these fundamentally flawed views as if
       | they are on equal plane as a valid "other side" of the coin, as
       | if it's simple political disagreement. In reality, their
       | viewpoints were never acceptable, we've just had to suffer
       | through them.
       | 
       | There's nothing political about telling someone through words and
       | actions that they matter, and treating those people with equal
       | protections and rights in the criminal justice system.
       | 
       | As an anecdote, my employer had no problem proclaiming support
       | for Black lives. We have Black employees, of course we should
       | agree that Black Lives Matter. And of course we can have
       | difficult conversations among our coworkers, as long as we know
       | how to listen to each other. This is where HR comes in to help
       | train and guide around keeping those conversations productive and
       | beneficial to everyone, because people grow by having their
       | viewpoints challenged and expanded - and that can happen at work!
        
         | manfredo wrote:
         | This comment is a perfect example of why banning political
         | speech in the workplace is a very good idea. Every workplace
         | that I've worked in that tolerated political speech ended up
         | with a highly vocal segment of people making statements that
         | parallel this comment: proclaiming that only a certain stance
         | on controversial issues is acceptable, and implying (or stating
         | outright) that divergence from this orthodoxy amounts to an
         | affront to human dignity. This kind of rhetoric creates a
         | hostile and toxic work environment, and companies are right in
         | putting a stop to it.
        
           | tshaddox wrote:
           | > proclaiming that only a certain stance on controversial
           | issues is acceptable, and implying (or stating outright) that
           | divergence from this orthodoxy amounts to an affront to human
           | dignity.
           | 
           | Are you suggesting that all stances on all controversial
           | issues are acceptable, and that it is impossible to hold a
           | stance which is an affront to human dignity? Or are you
           | merely saying that these issues are relatively unimportant
           | compared to one's labor at their place of employment, and
           | should thus be ignored?
        
             | manfredo wrote:
             | Stances that genuinely are an affront to human dignity are
             | already prohibited under harassment rules. Banning politics
             | in the workplace has no bearing on this.
             | 
             | Other political issues may very well be important to
             | people, and they're free to act on them in their own time.
             | Your co-workers are a captive audience, and it's not
             | appropriate to abuse that relationship for political
             | activism. People who want to be politically active can do
             | so on their own time. I would not take issue with, say, a
             | Mormon co-worker who goes door to door on weekends and
             | takes PTO to go on missionary trips. I _would_ however,
             | take issue with proselytizing to co-workers. I regard
             | politics the same way.
        
         | sparkie wrote:
         | > I think the CEO's refusal to take a stance on whether Black
         | Lives Matter is a stance in itself. It's hard not to assume
         | that he doesn't agree with the organization or the statement,
         | even if that's not the case. And while the movement is in some
         | way political, in most ways the organization and the phrase
         | simply stands for the idea that, well, Black Lives Matter. It's
         | simply a marginalized group seeking equal treatment, and there
         | really shouldn't be anything political about being treated as
         | an equal.
         | 
         | If BLM was just that, most people, even on the political right,
         | would have no problems with it. The trouble is, BLM the
         | organization is run by Marxists, is openly racist in itself
         | (black exclusivity), and their aims are much more than racial
         | equality.
         | 
         | Their leaders have made statements regarding dismantling
         | capitalism, have attended rallies with Nicolas Maduro, and have
         | had their funding organized by ex-convict Susan Rosenberg, who
         | was part of the terrorist May 19th Communist Organization.
         | 
         | I'm a fan of racial equality, and by that I mean completely
         | eliminating racism quotas, making hiring based purely on merit
         | and not melanin. I will have nothing to do with the
         | organization BLM.
        
           | AlexandrB wrote:
           | > If BLM was just that, most people, even on the political
           | right, would have no problems with it.
           | 
           | Let's get real. People on the political right have been
           | yelling about kneeling in the NFL since that particular form
           | of protest began. And it has few/none of the associations you
           | describe.
           | 
           | > I'm a fan of racial equality, and by that I mean completely
           | eliminating racism quotas, making hiring based purely on
           | merit and not melanin.
           | 
           | Sounds great in theory. Now try to ascertain if someone made
           | a hiring/promotion decision based on merit or on melanin
           | without some kind of Star Trek era brain scan.
        
             | sparkie wrote:
             | > Sounds great in theory. Now try to ascertain if someone
             | made a hiring/promotion decision based on merit or on
             | melanin without some kind of Star Trek era brain scan.
             | 
             | I'm of the opinion that business owners should be the sole
             | arbiters of who is hired and promoted anyway. The State
             | should mind its own business. A good business owner will
             | promote the best talent which will make their company grow.
             | If they start filtering talent based on skin color, they're
             | hurting their own pocket.
             | 
             | You can't ascertain whether individual hiring decisions are
             | based on merit or not, but you can make a statistical guess
             | at what percentage of each ethnicity would be promoted
             | based on the demographics where the hiring is taking place.
             | If the population is 10% black and 90% white, you'd expect
             | an organization to be 10% black and 90% white on average,
             | if no racial screening is occurring.
             | 
             | However, the common "diversity quotas" which are commonly
             | employed now want a different outcome. They want to see at
             | least 50% of hires from BAME, even if BAME are only 20% of
             | the demographics. There's a term for this. It's called
             | racism.
        
           | dang wrote:
           | Please let's not take HN threads further into
           | political/ideological flamewar.
           | 
           | https://hn.algolia.com/?query=generic%20ideolog%20by:dang&da.
           | ..
           | 
           | https://news.ycombinator.com/newsguidelines.html
        
           | dangus wrote:
           | I'm not sure that I would consider BLM to be that centralized
           | anymore. It has far outgrown the opinions of its initial
           | founders. The vast majority of people who identify with the
           | movement are in no way Marxist or anti-capitalist. They're
           | just people who are tired of seeing different rules for
           | different races.
           | 
           | From Wikipedia:
           | 
           | > The phrase "Black Lives Matter" can refer to a Twitter
           | hashtag, a slogan, a social movement, a political action
           | committee,[18] or a loose confederation of groups advocating
           | for racial justice. As a movement, Black Lives Matter is
           | grassroots and decentralized, and leaders have emphasized the
           | importance of local organizing over national leadership
           | 
           | Again, as a company it's not even hard to take a not-tone-
           | deaf stance on the issue while avoiding directly supporting
           | the original organization. It's not hard to reassure your
           | Black colleagues that you recognize their struggle and that
           | you support them.
           | 
           | When you as a company say "we refuse to discuss this, you are
           | forbidden from discussing this," it's inhuman and tone deaf.
        
         | tshaddox wrote:
         | > Having 5% of your workforce quit over nothing more than
         | messaging is a catastrophic failure in people management.
         | 
         | > I think the CEO's refusal to take a stance on whether Black
         | Lives Matter is a stance in itself. It's hard not to assume
         | that he doesn't agree with the organization or the statement,
         | even if that's not the case.
         | 
         | I think you're right about the second part, but I disagree that
         | it's "nothing more than messaging." Surely it _must_ not be
         | about  "focusing on Coinbase's mission" but rather that the
         | Coinbase leadership feels that the Black Lives Matter issue
         | simply is not important enough to take a stance on and thus
         | potentially alienate some people. I strongly suspect that
         | Coinbase _would_ take a stance if they deemed the issue to be
         | important enough. Would Coinbase take a stance if there was a
         | current prominent debate over whether Black people should be
         | allowed to vote? Or is that not related closely enough to their
         | mission? What if the prominent debate was over whether Black
         | people should be allowed to have bank accounts, or purchase
         | cryptocurrencies?
        
         | orangecat wrote:
         | _And while the movement is in some way political, in most ways
         | the organization and the phrase simply stands for the idea
         | that, well, Black Lives Matter_
         | 
         | That's just wrong. "Black lives matter" encompasses at least
         | three separate categories of claims:
         | 
         | 1. The lives of black people are inherently as valuable as the
         | lives of others.
         | 
         | 2. The US and western civilization in general is based on white
         | supremacy at its core, and all disparities that disfavor
         | minorities are solely due to present-day racism.
         | 
         | 3. Radical change is necessary in order to solve the problems
         | of racism, including reparations, abolishing the police, and
         | ending capitalism.
         | 
         | BLM often ends up being a motte-and-bailey where anyone who
         | isn't totally on board with #2 or #3 is accused of denying #1.
         | 
         |  _This is where HR comes in to help train and guide around
         | keeping those conversations productive and beneficial to
         | everyone, because people grow by having their viewpoints
         | challenged and expanded_
         | 
         | I suspect there are certain viewpoints that can be challenged
         | and others than cannot.
        
           | dangus wrote:
           | I hoped that it was obvious by my word "mostly" that I was
           | trying to distill the idea.
           | 
           | #2 is objectively true, ask any historian.
           | 
           | #3 is making a whole lot of assumptions about the goals and
           | beliefs of an extremely large tent.
           | 
           | There are absolutely viewpoints that aren't allowed to be
           | challenged at work. But what you're getting close to alluding
           | to is the flawed idea of all ideas being equally acceptable.
           | 
           | The idea that Black Lives Matter is not on equal plane with
           | the inverse. Those against the idea over technicalities are
           | on the wrong side of history and human decency.
        
       | kmeisthax wrote:
       | So, if the government bans crypto, does Coinbase remain
       | apolitical?
       | 
       | It's not a hypothetical. Satoshi created Bitcoin as a
       | (particularly ineffective) act of insurrection, and the only
       | reason why governments haven't responded to it like so is a
       | matter of political and judicial economy. Existing money-
       | laundering and securities laws likely already ban Bitcoin, we
       | just haven't seen them fully enforced. Using Bitcoin is
       | inherently a political statement (which I don't entirely agree
       | with); the apolitical choice would be to wind down Coinbase as an
       | ongoing concern.
        
         | abalaji wrote:
         | The answer to this question is in the blogpost. The answer is
         | no.
        
       | haukilup wrote:
       | With a severance package that good, I could be tempted to take
       | this as an opportunity to switch jobs.
       | 
       | I suspect that many of these employees aren't motivated by
       | politics, but instead by money.
        
       | morsch wrote:
       | _We won't:_
       | 
       |  _Debate causes or political candidates internally that are
       | unrelated to work_
       | 
       | Why limit yourself to the 40-50h you spend at work. Let's just
       | ban political debate everywhere. It's so divisive! At maximum,
       | you should debate causes or political candidates with people who
       | think exactly like you. But even this may lead to unexpected
       | frustration, it's much better to just rest assured that everybody
       | thinks exactly like you.
        
       | lawnchair_larry wrote:
       | I am beyond sick of political activists in the workplace, so I
       | hope this trend catches on.
        
         | sneak wrote:
         | It's a bummer that Coinbase's ploy to intentionally conflate
         | not supporting the Black Lives Matter movement (that is, a
         | clear implicit endorsement of the status quo) with generalized
         | left/right-political-activism-at-work seems to have worked, at
         | least for a lot of people who aren't paying attention.
         | 
         | This isn't about office politics, or political activism at
         | work. This is about Coinbase making an explicit vote for the
         | status quo of American racism, and trying to deflect the heat
         | they're taking for that by confusing people into thinking that
         | this is about standard political discussion.
         | 
         | It makes me really angry that they would do this.
         | 
         | It makes me really sad that it worked.
         | 
         | I guess with that much money you can hire really good PR people
         | to shape the narrative into exactly what you want, and dupe
         | tons of people who are rightfully tired of the american culture
         | war into thinking that this has anything to do with that.
        
         | jojo2333 wrote:
         | same. I don't even think the severance is necessary.
         | 
         | Just ask people who are interested in politics in the workplace
         | to leave.
        
           | mpweiher wrote:
           | Just as a reference point: Germany is well-known for its very
           | strong employee protection.
           | 
           | However, activism at work is something you can actually
           | legally lose your job over.
           | 
           | That doesn't mean you can't express your political opinions,
           | freedom of expression is protected, but no
           | agitation/activism.
        
             | LockAndLol wrote:
             | And that's exactly how it should be. It's a workplace, not
             | a forum. Unless your job is political activism, it has no
             | place at work.
        
         | nunja wrote:
         | Me too. I can't see why staying in my comfort zone is regarded
         | as political. One solution is to just get comfy. No politics
         | involved, just plain survivalism, nothing wrong.
        
           | thundergolfer wrote:
           | It's political because a number of hugely important issues
           | call us all to action (child poverty, climate change,
           | homelessness) and those issues are and will continue to put
           | vulnerable people in danger of death and suffering. Staying
           | in your comfort zone is likely an expression of indifference
           | to them as vanishingly few people are comfortable when
           | tackling these problems.
           | 
           | You might adopt a political position that your privileged
           | position of safety and comfort is not subject to any
           | particular obligations to engage with others and become
           | involved in society's problems, but that would be politics
           | all the same.
        
             | mattparcens wrote:
             | So who gets to decide which issues to get involved in? Does
             | everyone have to get involved in every issue?
        
         | TedShiller wrote:
         | Agreed. I think there are only two options for a company:
         | 
         | 1) don't allow any activism in the company
         | 
         | 2) allow ALL types of activism in the company
         | 
         | Right now, it seems most companies only allow liberal activism
         | but not conservative activism. This is a recipe for problems
         | because it's arbitrary and not democratic.
        
           | titanomachy wrote:
           | Do companies have an obligation to be democratic? Are
           | democratic companies common?
           | 
           | Protected classes aside, if I start a company I can choose to
           | hire or exclude whomever I choose. I could start a company
           | that only hires registered Republicans, or only people who
           | can't stand the taste of bananas. If this turns out to be a
           | bad business decision (which it probably is), the market will
           | punish me and I'll eventually lose to smarter competitors.
           | Right?
        
             | TedShiller wrote:
             | They do not have an obligation. However, employees will
             | feel it is unfair if their side is not heard as much as the
             | other side.
        
             | gnicholas wrote:
             | > _I could start a company that only hires registered
             | Republicans_
             | 
             | This might be illegal in California, which considers
             | political activity to be a protected class.
        
           | lawnchair_larry wrote:
           | It's way worse than that. Even centrists and liberals are
           | silenced by the vocal mob for merely questioning the validity
           | of certain policies or initiatives that claim to have some
           | righteous sounding goal, even when there is evidence that the
           | proposed policy is more likely to be harmful than helpful.
           | For example, it should not be controversial to debate the
           | merits of Black Lives Matter, but since the alternate reality
           | that certain people want to project doesn't hold up well
           | against facts and data, it's easier just to brand you a
           | racist (or whatever-ist, depending on the topic) instead.
           | There is a ton of self-censorship and coercion by these
           | activists asserting their supposed moral authority, which is
           | not a good road to go down.
           | 
           | In an industry full of data scientists and engineers, it
           | amazes me how people go along with this narrative that
           | disparate outcomes among members of arbitrary group
           | identities is evidence of discrimination. We _know_ that is
           | not a valid application of statistics, yet people who know
           | better still keep repeating it.
        
         | linuxhansl wrote:
         | I am beyond sick of folks in the workplace who silently accept
         | the status quo, so I hope this trend does not catch on.
        
           | disposekinetics wrote:
           | Silence gives us the ability to work together, without
           | silence you get to hear my hardcore religious ideas all day.
           | Silence is our truce.
        
             | batt4good wrote:
             | This is getting down-voted but honestly I agree. Silence is
             | a professional courtesy when it comes to certain ideas. For
             | instance, I don't talk about how I find certain parts of
             | 4chan incredibly hilarious. As a black man, I'd definitely
             | have co-workers blow up if I mentioned this at work -
             | granted they feel more than entitled to talk about all
             | sorts of things that I wouldn't even talk about if I was at
             | a bar with friends (fringe lefty politics and sexually
             | explicit things).
        
               | spollo wrote:
               | I feel this. As someone who grew up in the 4chan hey-day,
               | the internet I fell in love with was extremely
               | inappropriate and anarchic. Shooting the shit about
               | whatever inane thing 4chan was going on about were the
               | source of hilarious and open conversations we used to
               | have amongst friends. Don't get me wrong, 4chan is wrong,
               | messed up, socially deviant and not something to look up
               | to. But all the people I know who used to browse that
               | crazy site ended up being normal, well adjusted people.
               | The social climate is so tense nowadays I would never
               | think to talk about good old 4chan openly.
        
       | mithr wrote:
       | The part of the original statement that seems inconsistent to me
       | is this. Armstrong says that one of the things that helps
       | Coinbase achieve their mission is:
       | 
       | > Enable belonging for everyone: We work to create an environment
       | where everyone is welcome and can do their best work, regardless
       | of background, sexual orientation, race, gender, age, etc.
       | 
       | Great. So Coinbase believes that critical to their mission is
       | enabling everyone to feel welcome and do their best work
       | regardless of their background or identity. And then the very
       | next part is:
       | 
       | > We focus minimally on causes not directly related to the
       | mission [such as] policy decisions: If there is a bill introduced
       | around crypto, we may engage here, but we normally wouldn't
       | engage in policy decisions around healthcare or education for
       | example.
       | 
       | Ok. So to pick an obvious example, two related issues that would
       | _clearly_ fall into the "not directly related to the mission"
       | bucket are gay and transgender rights. Without getting at all
       | into the issue of where _you_ (Dear Reader) stand in terms of
       | these particular issues, it seems to me that by saying "we
       | explicitly will not lobby to make sure transgender people have
       | equal rights, because that's outside of our mission" is at direct
       | odds with saying "we believe a core part of our mission is making
       | sure transgender people feel welcome and can do their best work".
       | 
       | The only conclusion I can come to is that Armstrong believes that
       | people who have to fight for their rights can "feel welcome" and
       | "do their best work" just as easily as those who don't have to
       | fight those same battles -- and that seems, at best, a little
       | naive/head-in-the-sand.
       | 
       | Adding on to that, as many people pointed out in this thread,
       | Coinbase _does_ make political contributions -- it's just that
       | their interpretation of this sentence
       | 
       | > If there is a bill introduced around crypto, we may engage here
       | 
       | Seems to be (from a cursory glance at those listed contributions)
       | that they are willing to support any politician that promotes
       | their stance on crypto, _regardless of any other stances that
       | politician may take on any other issue_. So continuing with the
       | example above, Coinbase may be perfectly willing to support a
       | politician who actively opposes gay marriage, as long as that
       | politician actively _supports_ crypto.
       | 
       | They're obviously free to do so, but it seem disingenuous to do
       | so while at the same time claiming that one of their core values
       | has to do with enabling everyone to feel welcome and do their
       | best work. At a guess, they are taking an extremely narrow view
       | of "feel welcome _while sitting at their office desk_ " -- as in,
       | they promote respectful communication in the office -- but I
       | question how "welcome" someone _can_ feel when they know their
       | employer contributes money towards the campaign of a person who
       | (for example) is actively working to remove their right to be
       | legally married.
        
       | rlewkov wrote:
       | Our company, our rules, if u don't like it here's some cash - buh
       | bye
        
       | PragmaticPulp wrote:
       | For reference, the severance package was 4 months of salary for
       | employees with <3 years of tenure, or 6 months of salary for >=3
       | years of tenure at Coinbase.
       | 
       | The severance also included 6 months of health insurance.
       | (Source: https://www.coindesk.com/coinbase-severance-apolitical-
       | missi... )
       | 
       | What percentage of employees at Coinbase are actively
       | interviewing for other jobs at any given time? 5%? If someone has
       | one foot out the door already, taking a bonus equivalent to half
       | a year of your salary is a cherry on top of changing jobs. I'm
       | surprised only 5% of the company took this opportunity.
        
         | codezero wrote:
         | This assumes all roles at the company are equally able to exit
         | the company in the midst of a global pandemic and find
         | opportune work with the same growth opportunities, salary, and
         | locality.
        
           | joecot wrote:
           | Maybe not, but are at least 5% able to do that?
        
           | droopyEyelids wrote:
           | Who knows if official numbers are kept for our industry, but
           | I haven't noticed a decrease in the pace of hiring.
           | 
           | Bitcoin isn't hurting, either.
        
             | noitpmeder wrote:
             | I have definitely been seeing a decrease in some FAANG
             | spots. Things may have started to ramp back up, but I
             | believe there were several companies who put blanket
             | freezes hiring for certain levels.
        
             | codezero wrote:
             | I work in analytics so have a wide range of customers -
             | it's definitely up and down depending on the industry and
             | I'd argue it's net down, but not if you are experienced /
             | have a specialization.
             | 
             | Ecommerce is booming, but you're not likely to get a job in
             | support/services which is likely already filled with
             | experienced folks at most companies, and isn't likely to
             | churn in a pandemic.
             | 
             | There are a lot of pockets like this, but they mostly
             | benefit software engineers and more experienced roles. It's
             | pretty common on HN for folks to assume that everyone has
             | the role/job fluidity as your average tech person, or
             | worse, your average software engineer.
             | 
             | Lots of folks "in tech" aren't really deeply into tech, so
             | it's even more difficult for them to navigate a chaotic
             | time.
        
         | ummonk wrote:
         | Yeah it's weird so few took it up given how low median tenure
         | in tech tends to be.
        
         | rednerrus wrote:
         | My company is becoming increasingly political and it's
         | terrible. I'd gladly go work at a company where I didn't have
         | to engage with endless political activism. If I want to hear
         | everyone's opinions on everything, I'd find their facebook page
         | or the HN usernames and follow them.
        
           | throwaway894345 wrote:
           | My last company was trending in a similar direction. They
           | would allow one ideological group to post completely
           | unsubstantiated political claims, but opposing views were not
           | allowed to be presented at all, even if they were thoroughly
           | researched (this wasn't "official" policy, of course). Note
           | that while I'm not a lawyer, I suspect that these permitted
           | ideological viewpoints were sufficiently sexist and racist as
           | to open the company up to some legal liability.
        
             | wahnfrieden wrote:
             | Let me guess that you are referring to "reverse racism"
             | here
        
               | voxl wrote:
               | Hammer? Meet nail.
               | 
               | It's not a surprise that conservative viewpoints are
               | biased against reality. They have been for a long time. I
               | have no issue being partisan online, in work, or out of
               | work, my job is not as important as stopping an American
               | Hitler.
        
               | tlear wrote:
               | It is just racism
        
               | monoideism wrote:
               | Why use a special term? Just "racism" works very well.
               | The idea that only certain races can "qualify" for racism
               | is Orwellian.
        
               | throwaway894345 wrote:
               | Not to mention confusing. The "reverse" of "racism" would
               | certainly be "equality", so why should "reverse racism"
               | mean "more racism"? This is pretty elementary logic--
               | something can't be its own opposite.
        
       | t0mmyb0y wrote:
       | Fuck you coinbase. You are just a piece of shit federal
       | government cover company.
        
       | modeless wrote:
       | [In response to the original headline that 5% of employees took
       | the severance:] Good. The company will be stronger for it and the
       | employees will be happier with the generous severance and a new
       | job at a company that suits them better.
        
       | thedevil wrote:
       | One thought: If you see a resume with Coinbase until October
       | 2020, that's probably someone who prefers political activism in
       | the workplace.
       | 
       | That might be seen in a positive or negative light, depending on
       | your stance.
       | 
       | I personally am afraid to associate myself too publicly with a
       | political stance, lest I be wrong and/or the environment changes.
        
         | djsumdog wrote:
         | I dunno. I wonder how many people they lost, not because they
         | were political, but they wanted a break for 4~6 months.
        
           | BurningFrog wrote:
           | Of course, anyone who were about to quit for any reason would
           | take the offer.
        
         | awinder wrote:
         | I would not go further than associating an October exit date as
         | someone who took a buyout, and anyone with an exit date in the
         | first half of 2021 as a sucker.
        
         | dmode wrote:
         | Or it may mean that they just took advantage of a severance
         | offered and found another job
        
         | leetcrew wrote:
         | do people really read this much into resumes? I mostly just
         | look to see if they have any relevant experience and/or
         | impressive projects. aside from raising an eyebrow if I see a
         | bunch of short stints at different companies, I don't try to
         | ferret out their life story or political views by carefully
         | analyzing their hire/leave dates.
        
           | dudul wrote:
           | If I see a bunch of short stints, let's say 3 or 4 tenures in
           | a row that didn't make it past 1 year, I would definitely ask
           | for some details during an interview.
           | 
           | I have some on my own resume and I don't mind explaining that
           | here the company was acquired, here we ran out of money, here
           | I had to move to be with family, etc etc.
           | 
           | It's just normal due diligence for a hiring manager.
        
         | eli wrote:
         | Only a very foolish hiring manager would hold it against
         | someone who left Coinbase. Or someone who stayed on.
         | 
         | > I personally am afraid to associate myself too publicly with
         | a political stance, lest I be wrong and/or the environment
         | changes.
         | 
         | This suggests you speak from a position of privilege. It is
         | easy to implicitly endorse the status quo when it is beneficial
         | to you.
        
           | arawnx wrote:
           | Reddit is here, you seem lost: https://www.reddit.com/
           | 
           | In fact, being able to lavishly throw around internal capital
           | and play with people's careers over their political opinions
           | is the position of privilege. Leveraging multimillion dollar
           | firms to hammer Cathedral dogma into people's heads is
           | privilege.
           | 
           | Not wanted to berate people/be berated/get in political
           | fights writing Selenium for a crypto startup is not
           | privilege.
        
         | shiado wrote:
         | Not necessarily. Everybody knows the best way to move up in
         | tech is to switch. Depending upon your options taking this
         | offer and moving to another company where you make more is the
         | best possible path you could take. Throw in the desire right
         | now for people to leave SF and it gets even better.
        
         | RangerScience wrote:
         | Any circumstance in which someone is looking at that is a
         | circumstance in which they could also be treating you like a
         | specific individual; aka, if it matters to them, you're there
         | to ask.
         | 
         | Ironically / IMHO, the irritant at the center of the pearl that
         | is many of these ('social justice') issues is people treating
         | other people as a member of an imagined group rather than a
         | specific human they can talk to.
        
           | dmurray wrote:
           | Asking specific people about their political views during the
           | hiring process (even general questions like "do you think
           | tech workers should be politically active in the workplace?")
           | is dangerous even if not necessarily illegal. Making hiring
           | decisions based on the applicant's experience and employment
           | history is pretty much best practice.
        
             | RangerScience wrote:
             | I mean - If it's a problem that they're political or
             | apolitical, then it's already a part of your hiring
             | process.
             | 
             | Whether you talk to them (or not) about it doesn't change
             | that - just means you're hiding that part of the process or
             | including them in it.
        
               | dmurray wrote:
               | > If it's a problem that they're political or apolitical,
               | then it's already a part of your hiring process.
               | 
               | Definitely not. Unconscious bias is a huge issue in
               | interviewing. Blinding your interviewers to political
               | orientation, or any other factor, is far more effective
               | than telling them just to ignore it.
        
               | RangerScience wrote:
               | Hmm. I'd expect directly addressing it - instead of
               | either attempting to ignore it or blinding - to be the
               | most effective. IMO it's not just about hiring, it's also
               | about whether or not they'll succeed once hired, and I
               | would expect any unconscious bias to impact that.
               | 
               | Altho TBC I do think you're right that blinding is better
               | than attempting to ignore.
        
         | xoxoy wrote:
         | a lot of people might have just taken this opportunistically
         | and did not have anything to do with politics. i don't think
         | you can really read into it.
        
         | mtalantikite wrote:
         | "I personally am afraid to associate myself too publicly with a
         | political stance, lest I be wrong and/or the environment
         | changes."
         | 
         | I can understand this fear, but generally if you choose a
         | stance based on compassion for all beings you'll be in the
         | right in the long run.
         | 
         | This particular issue was sparked by Coinbase not taking a
         | stance on Black Lives Matter, which they are wrong about.
         | Standing for dismantling racism is always correct.
        
           | [deleted]
        
           | Kiro wrote:
           | > but generally if you choose a stance based on compassion
           | for all beings you'll be in the right in the long run
           | 
           | I like capitalism and the free market because I think it's
           | the best system to give most prosperity to a broad spectrum
           | of society. I believe that I take this stance based on
           | compassion but I can assure you that this view is not popular
           | among other people who are in the compassion camp.
        
           | hnracer wrote:
           | Standing for dismantling racism is always correct, but that's
           | distinct from explicitly stating support for the Black Lives
           | Matter political organization.
           | 
           | If you don't agree with some of their stated objectives,
           | tactics, leadership, it should be OK to refuse to offer
           | support, and that doesn't automatically imply a tacit support
           | of racism, and it doesn't automatically imply resistance to
           | lower-case black lives matter.
        
           | knorker wrote:
           | On the other hand working with crimecurrency is always wrong,
           | so already there we can say that every coinbase employee who
           | stays is evil.
           | 
           | > Standing for dismantling racism is always correct.
           | 
           | As opposed to standing against it, yes. As opposed to "we're
           | just building a juicer, man", no.
           | 
           | Not every group of people "must" take an active stance on
           | every social issue. If they did then they would do nothing
           | but that.
           | 
           | This is why I'm hesitant to invest in Silicon Valley stock at
           | the moment. If this trend continues they'll spend 100% of
           | their time "making a stand", and not innovating or trying to
           | fulfil their stated mission.
           | 
           | I have a responsibility to keep my own house in order. To
           | make sure I'm not racist, homophobic, etc... I don't have a
           | responsibility to spend my life on a cause you select for me,
           | even if that cause is just.
           | 
           | If I were to pick a cause it would be that the central
           | organization for a leading religion is actively harboring and
           | protecting child rapists from international law enforcement.
           | But still I would not, like you, say that every organization
           | that doesn't march under that banner are "wrong about" that.
           | 
           | Companies are not "supporting status quo of child rapists" if
           | they don't put up banners on their website. They're just not.
           | That's nonsense.
           | 
           | You can't condemn me for not marching with you. That's
           | fascism.
        
           | knaq wrote:
           | Standing for dismantling racism might always be correct, but
           | burning down predominately black neighborhoods doesn't seem
           | to relate to that in a positive way. You can't dismantle
           | racism by causing devastation in the name of black people.
        
           | tuna-piano wrote:
           | Funny, I don't see anyone complaining that Fruit Gushers
           | hasn't taken a stand on child pornography?
           | 
           | I will disagree somewhat with the people who say that
           | companies never have a place for political stuff. If you are
           | any company involved in South Africa during apartheid you
           | should choose a side on apartheid and voice that position.
           | 
           | If BLM means just the simple definition of what the words
           | imply (that black lives matter), there's no point in saying
           | it. Because there's literally no one on the other side. I
           | suspect that's not what it means, because saying a broader
           | statement "All Lives Matter" seems to be considered a kind of
           | slur.
           | 
           | So "Black Lives Matter" means something deeper. More like
           | "Black people are killed indiscriminately by police in this
           | country. The cops get away with it, and it's a huge problem."
           | That is full of assumptions and political beliefs that
           | reasonable people can disagree about. And I don't see why
           | every company should take a side on that issue.
        
         | Jtsummers wrote:
         | That's if people even remember. Which means maybe the next 6-12
         | months, and after that it'll be forgotten.
        
         | sroussey wrote:
         | Or it might mean a hostile work environment. Who knows.
        
         | paulgb wrote:
         | Or they joined during the crypto euphoria era and have been
         | disappointed by the general state of the market, and decided it
         | was a good deal to give them some runway to find something that
         | excites them more.
        
         | choppaface wrote:
         | Technical interviewing is so extremely biased. This sentiment
         | of "Coinbase October resume is activist" is a prime example of
         | where false negatives come from, even when the candidate
         | correctly inverts the binary tree on the whiteboard in C.
        
         | xyzzy_plugh wrote:
         | Alternatively, if you see a resume with Coinbase through
         | 2020-2021, that person probably prefers the opposite, which may
         | also be seen in a positive or negative light, depending on your
         | stance.
        
           | sprt wrote:
           | Which, as your parent seems to not realize, is _also_ a
           | political stance. This dichotomy is exactly what MLK refers
           | to in the Letter from a Bermingham Jail (i.e. positive vs
           | negative peace).
        
             | etangent wrote:
             | For an action to be "political" in a strong sense, its
             | performer it needs to be consciously thinking about their
             | political alignment. Majority of people are economically
             | motivated and do not engage in in-depth analysis of their
             | actions or inactions and thus describing their actions as
             | "political" is quite tendentious.
        
               | sprt wrote:
               | Respectfully disagree. You're essentially arguing that
               | they're not politically motivated in staying at/leaving
               | their job. That's fair. Nevertheless their actions
               | translate either support, inaction, or opposition. The
               | implication which MLK argues is that inaction _is_
               | harmful to the movement.
        
             | throwaway894345 wrote:
             | What does this mean? If this is yet another "if you're not
             | for us you're against us" argument (e.g. if you don't
             | discuss police violence in the workplace then you
             | necessarily support police violence), then this is false on
             | its face. If this means "the decision to not discuss
             | politics--especially politics unrelated to one's work--at
             | work is itself a political decision" then fine, but what's
             | the point? Is the idea that it's a self-inconsistent
             | position? If so, how? One can discuss even the policy not
             | to discuss politics at work without discussing e.g. police
             | violence.
        
               | Pils wrote:
               | one inconsistency is that Coinbase is based in SF. Would
               | you consider "sorry, I didn't get a lot of sleep due to
               | police sound grenades going off until 3am" a political
               | statement?
        
               | throwaway894345 wrote:
               | > one inconsistency is that Coinbase is based in SF
               | 
               | That's not an inconsistency.
               | 
               | > Would you consider "sorry, I didn't get a lot of sleep
               | due to police sound grenades going off until 3am" a
               | political statement?
               | 
               | No, of course not.
        
               | Pils wrote:
               | > > Would you consider "sorry, I didn't get a lot of
               | sleep due to police sound grenades going off until 3am" a
               | political statement?
               | 
               | > No, of course not.
               | 
               | Awesome. So it follows that you would have no issue then
               | with a coworker stating: "Police activity in SF has
               | negatively impacted my ability to do work".
               | Congratulations, you have a significantly broader
               | definition of acceptable workplace speech than Coinbase.
        
               | throwaway894345 wrote:
               | > Awesome. So it follows that you would have no issue
               | then with a coworker stating
               | 
               | Of course I wouldn't have an issue (ignoring for the
               | moment that you're apparently conflating me with
               | coinbase), because this isn't a political statement.
               | 
               | > Congratulations, you have a significantly broader
               | definition of acceptable workplace speech than Coinbase.
               | 
               | This is a pretty obvious straw man argument.
        
               | Rebelgecko wrote:
               | Can you elaborate on how that's an unacceptable thing to
               | say at coinbase?
        
               | x3n0ph3n3 wrote:
               | The issue was never about people expressing their
               | political opinions, but their demands that _Coinbase_
               | express political opinions and get mired in what police
               | in SF may or may not be doing.
        
           | BurningFrog wrote:
           | And so the sorting into apolitical and leftist companies can
           | begin!
           | 
           | It's probably for the best.
        
             | arawnx wrote:
             | Isn't it interesting that the crowd fighting for liberation
             | & equity are mysteriously up against... the apolitical
             | crowd? When the dichotomy is ethical realism vs.
             | pragmatism, you have to ask yourself who's _actually_
             | operating like a religion, who 's _actually_ a dogmatist in
             | liberator 's clothing.
        
               | booleandilemma wrote:
               | Nah. I'm one of the "apolitical" crowd. I have all sorts
               | of weird, controversial opinions, but I simply leave them
               | at the door and do the job I'm paid to do.
        
           | libria wrote:
           | It signals that a person did not want to be politically
           | active _at their workplace_ enough to lose /quit their job.
           | 
           | I think that says nothing of a persons political views and is
           | just self-preservation or even indifference. Hiring would
           | have to make some very tenuous assumptions to consider that a
           | signal.
        
             | lazyasciiart wrote:
             | Indifference to politics is a political view.
        
               | stale2002 wrote:
               | If it is a political view, then it is such a common
               | political view as to be banal.
               | 
               | A whole lot of people in the world are actively
               | indifferent to politics.
               | 
               | Those apolitical people vastly outnumber all the hyper
               | political "your with us or against us" group.
        
               | kmonsen wrote:
               | Staying in a job and supporting yourself and you family
               | for a temporary time doing a normal job is not
               | indifference. It is putting food on the table, perhaps
               | literally.
        
               | lazyasciiart wrote:
               | I agree. I think you may have meant to address this to
               | the comment that I was replying to.
        
               | kmonsen wrote:
               | I misunderstood you, but I probably read it wrong. Super
               | tired today. Thank you for clarifying.
        
               | dlivingston wrote:
               | No, it is not. Politics apathy is present across all
               | races, all classes, all genders.
               | 
               | Those who are politically possessed like to claim that
               | "everything is politics" and that "it's a privilege to
               | not care about politics", but every Hispanic and Filipino
               | immigrant I've known (which is not a negligible number)
               | care about family, hard work, and stability: _not_
               | politics.
        
               | colinmhayes wrote:
               | I don't see how this refutes anything. Plenty of people
               | from all races, classes, and genders make the political
               | decision to avoid politics.
        
               | throwaway4715 wrote:
               | How does one ensure "stability" without getting involved
               | in politics?
        
               | jimmygrapes wrote:
               | Possibly by observing the actual changes implemented and
               | interpreting them in their own context (i.e. IRS changes
               | tax forms, but all the numbers stay the same when filling
               | it out). Not being convinced that their fundamental right
               | to attempt existence is threatened by imaginary what-ifs.
        
               | username90 wrote:
               | Getting involved in politics makes your life more
               | unstable, which is why mostly privileged people engage in
               | it. For example extremely few people from below median
               | homes are politically active in USA, while home owners
               | are among the most active. Ergo people are mostly
               | politically active to defend their privileges and not to
               | fix injustices.
               | 
               | I'm not sure how anyone can think that being politically
               | active would make your life more stable.
               | 
               | Edit: An example of this is that black people are much
               | less likely to vote than white people. Is this because
               | black people support the status quo while white people
               | want to change things? No, it is because black people
               | don't have the time and energy to spare to vote. And no,
               | this isn't about voting disenfranchisement, black people
               | are less likely to vote even in very blue states.
        
               | lazyasciiart wrote:
               | I'm not sure why an opinion being commonly held across
               | race/class/gender would make it not political.
               | 
               | Your statement that the immigrants you know care about x
               | and y and not politics doesn't actually make sense in
               | response to the concept 'everything is political'. You
               | are responding from the perspective that politics means
               | elections, or some similarly narrow set of topics. But
               | 'everything is political' explicitly rejects that
               | perspective. It means that a Filipino immigrant thinking
               | about whether their uncle and cousins will be able to
               | visit them is political because it's harder for them to
               | get a visa than my English cousins. It means that a
               | Hispanic immigrant talking to her friend in a restaurant
               | after dropping the kids at school should not risk being
               | detained by ICE because speaking Spanish makes some
               | dropkick immigration officer decide they must be illegal
               | immigrants, which happened in Montana.
        
       | pembrook wrote:
       | Like other comments, I am skeptical 5% are actually quitting due
       | to this overblown twitter melodrama, instead of just taking a
       | sweet deal.
       | 
       | Furthermore, what political mission did these people falsely
       | believe they were joining when they got hired?
       | 
       | Coinbase is literally an app designed for the sole purpose of
       | helping 22 year old kids lose money by speculating on the now
       | deflated crypto bubble.
       | 
       | For a while, coinbase was allowing kids to "invest" using _credit
       | cards._ I'm not kidding.
       | 
       | How could there be such a disconnect with that many people about
       | what the company actually does---especially from the inside where
       | you can literally see how they actually make their money?
        
       | asdfman123 wrote:
       | I mean, I usually look for another job every year or two. If
       | someone is also willing to pay me lavish amounts of money to do
       | that and take a trip across Europe in between, please sign me up.
        
         | rllearneratwork wrote:
         | why? typically RSUs/signing bonus vest over 4 years period
        
           | emidln wrote:
           | At least in finance (I realize HN is FAANG/SV focused), the
           | signing bonus typically vests in 12-18 months. Finance also
           | offers cash bonuses instead of RSUs. Finance also typically
           | has paid leave built into the contract as a noncompete.
        
             | Judgmentality wrote:
             | Typically the signing bonus vests over 12 months in tech,
             | and the RSUs vest over 4 years. There are also usually cash
             | bonuses in addition to the above.
             | 
             | YMMV depending on the company. Netflix is an obvious
             | outlier in that they offer no RSUs and just pay very high
             | salaries.
        
           | dyeje wrote:
           | Many companies, like Coinbase, don't have RSUs.
        
             | chris11 wrote:
             | Coinbase does offer stock options though.
        
               | dyeje wrote:
               | Which may or may not be worth anything. The rule of thumb
               | is to value stock options at 0 for a reason. As opposed
               | to RSUs, which are liquid upon vesting.
        
           | krzyk wrote:
           | Not every company offers RSUs (at least outside US).
           | 
           | E.g. in my case only my third offered it, and I was like
           | "What is that?", in my case it started vesting after 1 year
           | (linear). So at that point one can think of looking for new
           | job.
        
           | kemitche wrote:
           | It's the (usually 1-year) cliff that is more important when
           | considering leaving. Once an engineer hits the RSU/bonus
           | cliff, they're not losing _past_ benefits for leaving, only
           | future benefits - and presumably the other job opportunity
           | has better future benefits.
        
           | djsumdog wrote:
           | My longest stay at one job as been 2.5 years. By changing
           | jobs, I get a lot more experience in a lot of different
           | things. I've worked in five different markets:
           | 
           | https://battlepenguin.com/tech/tech-culture-shock-from-
           | ameri...
           | 
           | I know people who've been at the same job for 6~7 years and
           | they are totally getting paid way under market. A company
           | might give you a 2~3% cost of living increase, or a $5k
           | promotion every few years, but switching jobs let's you ask
           | for $10k or more.
           | 
           | On the downside, I would NOT recommend anyone else change
           | jobs almost yearly like I did. My job loyalty is shit and
           | it's hard for me to take on other jobs when people are
           | concerned I could just leave.
           | 
           | That being said, the good jobs with good pipeline
           | engineering, tests and CI/CD flows allow people to flow in
           | and out; quickly pick up things and move with fast/good
           | deploys. Those shops are the best, but they are rare. They
           | tend to not care as much weird resumes because they want to
           | hire people who are innovative.
        
             | mathgladiator wrote:
             | I think an optimal time within a project in between 3 to 5
             | years, and the reason is to get deeper understanding of
             | problems rather than surface. My YoY compensation growth is
             | between 20% and 30% compounded.
        
             | chrisseaton wrote:
             | > but switching jobs let's you ask for $10k or more
             | 
             | Right... but aren't the options you're throwing away worth
             | 10x that? How can it possibly be worth it?
        
               | djsumdog wrote:
               | I've never worked at a place that gave me stock options.
        
               | slow_donkey wrote:
               | Why wouldn't you be obtaining the equivalent amount of
               | options at the next job?
               | 
               | Let's say your vesting schedule is 4 years w/ 1 year
               | cliff, it's only necessary to stay 1 year. Thereafter
               | you're not 'losing' options by leaving.
        
               | chrisseaton wrote:
               | You're forgetting the options gain value as the company
               | grows (due to your own hard work which is the whole
               | point!)
               | 
               | You're awarded $100k but then it grows to $200k by the
               | time you start cashing it in. When you switch company you
               | get $100k again, not the $200k you threw away.
        
               | slow_donkey wrote:
               | That's a fair point, we'd have to compare projected
               | growth vs. expected salary of new job. Certainly the
               | benefit of working at large tech companies or
               | rocketships.
               | 
               | My experience with smaller startups, was that it's
               | impossible to determine if the options would be worth $0
               | or $$$.
        
               | chrisseaton wrote:
               | Ah right - I'm used to public companies where stock
               | options are cold hard cash as soon as they vest.
        
               | servercobra wrote:
               | Sure, but likely, more of those $100k options will be
               | worth $0 than $200k. If you spread it around, you're more
               | likely to hit big.
        
               | mrguyorama wrote:
               | Do the vast majority of jobs in these companies actually
               | give you stock options?
               | 
               | Most places I know of do not
        
               | bluntfang wrote:
               | Consider it similar to diversifying your stock portfolio.
               | By switching jobs every year, you're effectively hedging
               | your portfolio. You're increasing your lottery chances of
               | a unicorn exit, which is where the Big Money is.
        
           | yibg wrote:
           | if you leave after the initial cliff you're only losing out
           | on future RSU / options vesting, same as future salary you
           | haven't yet earned. Unless your initial equity has gone up a
           | lot in value you're not really leaving anything behind as
           | presumably in the new company you'd be getting similar or
           | higher value grants.
        
           | notJim wrote:
           | I think it's not uncommon for years 2 and 3 to be the highest
           | earning years though, due to the 25% cliff, and to retention
           | grants you get in years 1/2.
        
       | [deleted]
        
       | AzzieElbab wrote:
       | Well it is either this or artificial consensus where bickering is
       | curbed by enforcing a company wide position on every divisive
       | issue. Pick your poison
        
       | blastonico wrote:
       | Very interesting, more than 90% prefer to keep Coinbase's core
       | values. If they were able to keep the best employees it's worth
       | it.
        
       | devtul wrote:
       | Let's say you don't even have a new job lined up but you feel
       | capable enough to switch jobs, why turn down a severance like
       | that. Free money.
        
       | blck wrote:
       | I don't think it can be understated how much saying 'no politics'
       | is a political statement. Supporting the status quo is a
       | political statement. And supporting the status quo in this
       | political climate is a strange hill to plant your flag on.
        
         | heimatau wrote:
         | All businesses that want to survive are political. Whether they
         | admit it or not.
         | 
         | How many defense contractors are there? These people do have a
         | vested interest to vote for candidates that increase govt
         | contracts with the private sector. This is a massive industry.
         | 
         | Now that govt is getting more involved in health care, we're
         | seeing that too.
         | 
         | These are trillions of dollars we're talking about.
         | 
         | This is also valid for small businesses too. How taxes are done
         | in a given community. Etc.
         | 
         | I can't emphasize enough the vested interest a business has to
         | be selfish. I'm indifferent on if this is a drawback.
         | 
         | I just wish there was more competition/choices for everyone and
         | like you, I wish people would be more upfront (or self aware)
         | of what they're doing.
         | 
         | P.S. When it comes to Coinbase. What stops them from backing a
         | racist KKK member whom backs Bitcoin/crypto? What stops them
         | from backing an anarchist whom backs Bitcoin/crypto?
         | Etc...etc... This silencing of discussion...it a bit
         | disgusting.
        
         | potta_coffee wrote:
         | Not using your business as a political platform is not the same
         | as supporting the status quo. The "if you're not with us,
         | you're against us" stance is definitely polarizing and is not
         | making things better.
        
           | heavyset_go wrote:
           | But Coinbase is using their business as a political
           | platform[1].
           | 
           | [1] https://www.fec.gov/data/receipts/individual-
           | contributions/?...
        
             | newbie789 wrote:
             | This is very interesting. The CEO said in his initial
             | letter that Coinbase should only engage in politics that
             | are relevant to their "core mission", but it's kind of
             | interesting to reduce a candidate to "What can this
             | candidate or party do specifically for our business?" and
             | ignore other policies that a candidate or party may seek to
             | enact.
             | 
             | Pretending that you're unaware of or completely ambivalent
             | about the consequences of shifts in political power (so
             | long as it benefits you financially) doesn't really qualify
             | you as "apolitical." You're still involved in the political
             | process even if you stick your fingers in your ears and
             | chant "nananana I can't hear you."
             | 
             | I hate to sound incisive, but it kind of seems like the
             | position that Coinbase's leadership has taken is "The board
             | and CEO will decide what qualifies as 'apolitical' and as
             | such will dictate the ongoing political activity of the
             | company, which they have no desire to stop being involved
             | in."
        
               | dmurray wrote:
               | Or just "the board and CEO will decide what political
               | activism is relevant to the core business of the company,
               | and the political positions the company should take".
               | Which seems exactly within the remit of the board and
               | CEO.
        
               | newbie789 wrote:
               | This is absolutely true, and appears to be the stated
               | policy in no uncertain terms.
               | 
               | The issue that I intended to address is the interesting
               | usage of language to sidestep making political
               | contributions and supporting candidates and parties as
               | being political acts.
        
               | JPKab wrote:
               | Companies aren't democracies. When you sign up to work
               | for somebody else, the board and the executives have
               | every right to make these decisions. Upset that you can't
               | lobby for the rights of pink haired people in the office?
               | Go start your own company and put murals featuring
               | oppressed pink-haired people all over the walls. Until
               | then, recognize that companies aren't set up as
               | democracies, because no investor would be dumb enough to
               | throw their money down a toilet where any muppet who can
               | run a QA job or write a few lines of JS has equal input
               | with someone who co-founded the enterprise.
        
             | kmonsen wrote:
             | They appear to mostly support one candidate that is very
             | pro bitcoin: https://www.linkedin.com/in/brianforde
             | 
             | "In recognition of his work, Brian was named a Young Global
             | Leader by the World Economic Forum and one of the ten most
             | influential people in bitcoin and blockchain"
        
             | beervirus wrote:
             | No, probably not.
             | https://news.ycombinator.com/item?id=24722941
        
             | slaymaker1907 wrote:
             | I hope they get a lawsuit over this if they continue giving
             | to candidates.
        
             | stronglikedan wrote:
             | Or they're just bribing, er lobbying, politicians to
             | achieve the company's goals, regardless of the affiliation
             | of said politicians.
        
           | cltby wrote:
           | Logically, it is. Just not in a way that's meaningful or
           | interesting.
        
         | tofuahdude wrote:
         | There is a difference between explicitly supporting the status
         | quo and simply saying we aren't going to actively work to
         | change the status quo within this organization.
        
         | cltby wrote:
         | You are correct in your "understatement" claim, though I
         | suspect unintentionally so. Yes, "avoiding politics" cuts into
         | time you could be spending advancing progressive politics. So
         | does writing software. So does watching a movie with your
         | spouse. So does sleeping. So does every single thing that isn't
         | literally "advancing progressive politics."
         | 
         | "No politics = politics" is an utterly vacuous statement.
        
           | Spivak wrote:
           | The stance "I am now and forever apolitical regardless of the
           | state of the world or how political decisions affect me or
           | others" is true no politics.
           | 
           | The stance "I am avoiding politics because there's nothing
           | worth my time to be an activist about but I would if that
           | changed and political decisions started seriously affecting
           | me, my family, or my friends" is "the status quo is fine."
           | 
           | The stance "I'm avoiding politics because it's bad for my
           | metal health or $any_criticism" is an act of protest! Super
           | political.
           | 
           | I have genuinely never met someone in the first camp.
        
             | cltby wrote:
             | There are lots of reasons, good and bad, to avoid politics.
             | But to claim that doing so is inherently political... isn't
             | saying anything. To the extent it's true, it's trivially
             | so. And to the extent it's non-trivial, it's completely
             | false.
        
               | Spivak wrote:
               | The reason that you can't require people to vote in the
               | US is because the act of not voting is considered
               | protected political speech. Why is not participating in
               | politics any different?
               | 
               | Hell, refusing to engage with certain types of politics
               | isn't just political, it's an act of protest!
        
             | SpicyLemonZest wrote:
             | Have the people you've met specifically told you this is
             | their stance? I'm worried you may be misunderstanding. I
             | and almost all apolitical people I know fall in the first
             | camp; I don't think the status quo is fine, but I also
             | don't think that engaging in politics all the time improves
             | it.
        
           | blck wrote:
           | He's not passively stating no politics he's actively
           | discouraging any politics. There is a slight difference.
           | 
           | If you become friendly with a person in the workplace you'll
           | eventually learn their politics, right? Either through how
           | they act or what they say. How do you limit how much a person
           | reveals about themselves at work?
           | 
           | The CEO is saying Coinbase won't take political stances.
           | That's fine in theory but in practice it's not. The whole
           | idea of cryptocurrency itself is political.
           | 
           | There is a difference in being passively apolitical and
           | actively apolitical for sure.
        
             | SpicyLemonZest wrote:
             | The rules aren't as strict as you're thinking. As the
             | article describes, Armstrong's made it clear that there's
             | no rule requiring employees to just pretend politics don't
             | exist, and employees are still free to discuss politics
             | with each other or create political discussion Slack
             | channels.
        
         | rjldev wrote:
         | That's a very paranoid way of looking at things. Signalling
         | support for the status quo would involve something more active,
         | eg "wooo, go status quo!!" on a banner.
         | 
         | Maybe they have different priorities than you and just want to
         | make money. Not everything is political.
        
           | tehjoker wrote:
           | Just wanting to make money is political because it means the
           | environment has been configured in such a way that you can do
           | so. If you make money in the position of a manager or boss,
           | it is even more strongly political as you are using the
           | configuration of the political system to direct societal
           | resources at your whim to make money.
        
             | cltby wrote:
             | Just playing the bongos is political because it means the
             | environment has been configured in such a way that you can
             | do so. If you play the bongos in the position of a manager
             | or boss, it is even more strongly political as you are
             | using the configuration of the political system to direct
             | societal resources at your whim to play the bongos.
             | 
             | You might be proving too much here.
        
               | tehjoker wrote:
               | Not at all. While there is a tiny bit of truth to your
               | bongo example, money in particular is highly political
               | though it has been rhetorically stripped in order to make
               | it appear as though it is not so the wealthy can make
               | money in peace. Controlling the distribution of resources
               | in society is a highly political question.
               | 
               | Who makes more money at work for example? The low level
               | employee or the boss? Who controls what, why, and how
               | things are produced? What the schedules are? These are
               | smaller questions than national policy, but they are
               | political in nature. Of course, the socialist movement
               | sees all workplaces' workers united together as a
               | national political project. When you swim in water all
               | your life, you can't see it easily unless someone points
               | it out.
               | 
               | Another reason "just making money" is political is
               | because so many people can't. In a society with levels of
               | inequality that approximate ancient kingdoms, the lowest
               | people in society have little opportunity to "just make
               | money" and their invisibility is a political artifice.
               | 
               | Put another way, what is political is the ability to _not
               | care_ when others are suffering. People are being
               | deported, attacked in the streets, dying of disease, etc.
               | so keeping your head down _and make money_ during such a
               | time is something won by virtue of class. Other people
               | can't ignore it because politics is life and death. While
               | exhaustion is a valid excuse to rest (I'm super tired
               | myself), what is being asked is for solidarity and to
               | exhibit positive humanity towards other people. A primary
               | site of conflict and domination is the workplace -- it's
               | just that so many of us are used to losing or out
               | competing each other that we don't band together to win.
        
         | gambler wrote:
         | _> I don't think it can be understated how much saying 'no
         | politics' is a political statement._
         | 
         | This is often presented as obvious self-contradiction, but in
         | fact the definition of "politics" here changes from first use
         | to the second. In other words, this is a cheap rhetorical trick
         | to make something sound irrational and self-contradictory,
         | while int fact it isn't.
        
         | SpicyLemonZest wrote:
         | Coinbase didn't say "no politics" or "we support the status
         | quo". They just said that the company is focused on
         | cryptocurrency, and won't engage in political causes other than
         | supporting cryptocurrency.
        
           | slaymaker1907 wrote:
           | As someone else pointed out, they seem to have no problem in
           | donating to political candidates as a corporation so this is
           | the height of hypocrisy. Individual employees don't get to
           | have a say in the direction of the company's politics.
        
             | SpicyLemonZest wrote:
             | I don't see the hypocrisy. Like I said, the company's been
             | quite open about the fact that they will continue to engage
             | in cryptocurrency-related politics.
        
           | CarelessExpert wrote:
           | Cryptocurrency is an _explicitly_ political cause.
        
             | cltby wrote:
             | Bob grows chickens and Alice grows corn. They trade via
             | barter. We'd probably agree this isn't political in any
             | meaningful sense.
             | 
             | One day, Alice has a clever idea: she can create a digital
             | representation of money. Both Alice and Bob agree to accept
             | these "tokens" in lieu of barter.
             | 
             | Big mistake. CarelessExpert announces to Alice and Bob that
             | their creation obligates them to join in bitter arguments
             | about abortion, climate change, and LGBT rights.
        
               | CarelessExpert wrote:
               | So do you normally spend a lot of your time online
               | standing up straw men and knocking them down? Or is today
               | a special case?
               | 
               | My point, since apparently I need to clarify it, is that
               | Coinbase claiming to have an "apolitical" workplace while
               | a) operating in a business that's driven by libertarian
               | and anarchist philosophy and b) spending time and money
               | lobbying politicians in Washington in support of said
               | values is, at best demonstrative of a total lack of self-
               | awareness, and at worst represents rank hypocrisy.
               | 
               | I tend to suspect it's the latter.
        
         | devtul wrote:
         | This idea of "everything is political" is why the discourse
         | went to shit, now nobody can catch a break from politics, and
         | if you had enough and don't want to take part then you
         | instantly gets attacked for "supporting the status quo".
         | 
         | I prefer to not be lectured on political issues by my orange
         | juice brand. Their mission should be to sell high quality
         | orange juice and make a profit.
        
           | danaris wrote:
           | Your life may not be political.
           | 
           | My life may not be political.
           | 
           | But the life of a black trans woman? That's political by its
           | very nature, in today's climate. One party doesn't want her
           | to be allowed to exist, the other does.
           | 
           | Believing it's possible to be "apolitical" in any time of
           | polarization is a privilege of those who benefit from the
           | status quo.
        
             | ponker wrote:
             | I think there are definitely people who don't want her to
             | exist but there are also ones like me, who get called Nazis
             | for it, but whose perspective is largely 1) OK 2) please
             | pay for your own costs related to your choices and 3) I'm
             | not being an asshole to you because you're a black trans
             | woman, I'm being an asshole to you because _I am an
             | asshole_ and my white male friends say "oh Xxx is such as
             | asshole." So don't take it personally
        
           | JoeAltmaier wrote:
           | Is it really an attack though? Supporting the status quo (by
           | objecting to discussions about changing it) is the perceived
           | state. Is it an attack, to observe this?
           | 
           | I understand folks feel uncomfortable talking about systemic
           | bias. Especially if they don't suffer from it. But that's
           | exactly the issue of status quo vs change - getting folks to
           | notice/discuss it. So there can be change, which requires the
           | comfortable to change too.
        
             | SpicyLemonZest wrote:
             | I think it's intended as an attack, but even if it's not
             | it's just a terribly unfair characterization. If you host a
             | meeting to review a design document, and I start talking
             | about the Syrian Civil War in the middle, are you really
             | supporting the status quo when you ask me to stay on topic?
        
               | JoeAltmaier wrote:
               | Maybe that's a strawman...but I see your point.
        
           | gnusty_gnurc wrote:
           | It's precisely the type of messaging that happened after 9/11
           | too.
           | 
           | "You're either with us or against us."
           | 
           | Leave it to the woke crowd to take a page out of the Karl
           | Rove handbook.
        
           | blck wrote:
           | I think in prior times when we didn't have all the
           | information we have available at hand: sure that's fine.
           | 
           | But what if your orange juice brand of choice was actively
           | contributing to the destruction of the environment, lobbying
           | politicians to make them exempt from environmental
           | regulations, and destroying competition in nefarious ways?
           | 
           | That's an extreme but if that's information you have and you
           | still support that orange juice brand then you are supporting
           | everything that is public knowledge about that brand.
        
             | defen wrote:
             | If 95% of the people at the company don't care, but you're
             | the person who won't stop bringing up the need to change
             | orange juice vendors, to the point that it's disruptive and
             | annoying to the 95%, maybe they don't want to work with you
             | any more. And maybe it's not the right company for you,
             | either. Why would you want to work with a bunch of people
             | who are indifferent to environmental destruction when there
             | are literally thousands of companies out there who actively
             | embrace your orange juice opinions?
        
               | lazyasciiart wrote:
               | If 95% of the company doesn't care then you should change
               | orange juice vendors. Making it turn into an ongoing
               | issue would be a very strong sign that people at the
               | company care very strongly about keeping the current
               | vendor. Which means that perhaps you should leave, but
               | you should leave because people are _actively opposing
               | your politics_ and not because that 95% is not political.
        
               | defen wrote:
               | By "don't care" I mean they don't perceive the current
               | situation as a problem, and they view the cost of
               | switching vendors to be too high. But either way, yes.
               | 
               | I think one problem with the concept of "everything is
               | political (including supporting the status quo)" is that
               | it provides no principled mechanism for determining what
               | counts as "too far" (costly) for any given political
               | cause. The nice thing about having a dictator (CEO) in
               | this regard is that it provides a fixed point.
        
           | RangerScience wrote:
           | Great! Because it's totally non-political to influence
           | international trade policy to give yourself an advantage in
           | buying your oranges and labor in waaaaaait it totally is.
           | 
           | IMO Coinbase is "doing it pretty well", not by saying "we'll
           | be apolitical", but by saying, "we're going to be political
           | ONLY about X & Y".
           | 
           | My read is that they're not discouraging their employees from
           | being political (unclear to me ATM if they're still doing
           | donation matching regardless), and they're not stopping work-
           | place diversity programs... they're just limiting their
           | lobbying to, you know, their own issues.
        
         | twmahna wrote:
         | > I don't think it can be understated how much saying 'no
         | politics' is a political statement.
         | 
         | I disagree, and I think you're grossly overstating it.
         | 
         | I can see how you could characterize their stance as
         | "supporting the status quo". But, there are varying degrees of
         | "support", and this is pretty much the lowest degree of
         | "support" imaginable.
         | 
         | Put another way, you're painting this as "with us or against
         | us" when in reality there's a spectrum of support. Coinbase is
         | standing just SLIGHTLY off center in one direction.
         | 
         | > And supporting the status quo in this political climate is a
         | strange hill to plant your flag on.
         | 
         | Why do you think it's strange? The vast majority of employees
         | prefer a work environment that is stripped of political
         | conversation. And, such an environment is more conducive to
         | focus and productivity.
        
           | Pils wrote:
           | > The vast majority of employees prefer a work environment
           | that is stripped of political conversation
           | 
           | While I generally agree, I think there is a tacit assumption
           | that Armstrong's actions will work exactly as intended. 5-8%
           | of workforce is...honestly I don't know if it's high or low,
           | but is certainly non-trivial. These weren't strategic layoffs
           | or restructurings, so certain business-critical projects
           | might be delayed due to headcount issues/loss of senior
           | staff. If we hear about another walkout at Coinbase 6 months
           | from now, this might just look like a catastrophic management
           | blunder.
           | 
           | Literally firing the walkout organizers would probably have
           | led to a worse media cycle, but likely fewer staff quitting
           | in protest (Google firing the walkout organizers seemed to
           | have little to no effect).
        
         | ccleve wrote:
         | If by "status quo" you mean "Donald Trump is President", does
         | your view change if Biden wins? Will the status quo be ok, and
         | will it therefore be ok to ban political activity in the
         | workplace?
         | 
         | The problem with the view that activism is ok if the current
         | administration is objectionable is that the "status quo"
         | changes from cycle to cycle.
         | 
         | Presidential politics is only a very small part of political
         | activity in the US (though it is the most visible). What if
         | your frame of reference is state and local politics? Is
         | political activism in the workplace ok if you don't like the
         | local school board?
        
         | manfredo wrote:
         | No, it's possible to support changes to the status quo while
         | simultaneously maintaining an apolitical workplace. I most
         | certainly support changes to the status quo, and I would
         | simultaneously take the same stance as Coinbase with regards to
         | politics in the workplace. I've never seen a workplace embrace
         | political activism without creating a hostile workplace
         | environment for a significant segment of workers.
         | 
         | This is kind of the same kind of fallacy as people who try to
         | say that atheism is a religion. No, it's the absence of
         | religion. In the same vein, an apolitical workplace isn't
         | support for the status quo. It's the absence of any political,
         | _either_ for or against the status quo.
        
         | Negitivefrags wrote:
         | I really dislike this argument.
         | 
         | Anyone using it is just saying "If you are not with us, your
         | against us".
         | 
         | It's simply a way to force a divide of the world into black and
         | white and that sucks.
        
         | [deleted]
        
         | aksss wrote:
         | "you must become a member of the Party" is a horrible situation
         | for any country to be in. Full stop. There are too many
         | examples in history of where that leads to claim naivete or
         | propose that their consistent outcomes won't apply here.
        
         | zepto wrote:
         | Is it necessarily?
         | 
         | Social media has amplified polarization.
         | 
         | Is it really the case that everyone must support one or other
         | of the poles?
        
           | joshuamorton wrote:
           | Something being a political statement doesn't necessarily
           | mean it is directly in support of one pole or the other. It's
           | still political.
           | 
           | Saying "my business supports whatever the current US
           | government's stated opinion is on all issues" is a political
           | stance. It may not be partisan, but it absolutely is
           | political. Those aren't synonymous.
        
             | zepto wrote:
             | Saying 'we don't want to be an activist organization beyond
             | our business goals, therefore we want to keep political
             | discussions out of the workplace' is not the same thing as
             | saying 'my business supports whatever the US government's
             | stated opinion is'.
             | 
             | Nobody supports the status quo.
        
               | joshuamorton wrote:
               | Correct, but both are political statements. "We don't
               | want to be involved in the political discussion" is just
               | as political as "we want to be involved in the political
               | discussion".
        
               | zepto wrote:
               | True, but your two statements in this comment aren't
               | really representative of anything being discussed here.
               | 
               | The statements we were talking about upthread don't
               | reduce to these ones.
        
           | RangerScience wrote:
           | IMO that's due more to first-past-the-post voting.
        
             | zepto wrote:
             | That's another contributing factor, but social media is
             | amplifying the extremes.
        
         | fullshark wrote:
         | My cynical take on this is Coinbase is preparing for Democrats
         | to take control of the US gov't in a few months and sees
         | Republicans suddenly becoming very concerned about gov't /
         | central bank failures and buying cryptocurrency as a hedge.
         | Don't want to be seen a leftist company when your user growth
         | will come from the right.
        
           | blck wrote:
           | That is definitely an interesting take but I think any right-
           | winger that goes that far is more likely to be caught up in a
           | grift than going to Coinbase where they have to send in their
           | government-issue ID and link their account to a US bank that
           | reports to government if they notice suspicious activity.
        
         | stronglikedan wrote:
         | It's no so strange. A lot of people are perfectly happy with
         | the status quo, while recognizing that there's _always_ room
         | for improvement.
        
       | t0mmyb0y wrote:
       | Why would this stance be surprising? A company managed by the
       | federal gov cannot take stances on politics. Coinbase was started
       | and is run by the feds.
        
         | nameless912 wrote:
         | [citation needed]
        
       | Dan_JiuJitsu wrote:
       | Seems 5% attrition is a very small price to pay to weed out the
       | bad apples.
       | 
       | Looking at this through another prism, fully 95% of the company
       | decided that being apolitical at work is reasonable.
       | 
       | What happened to the rule against politics and religion in polite
       | society?
        
         | fao_ wrote:
         | > What happened to the rule against politics and religion in
         | polite society?
         | 
         | What rule? That's only ever been the case in idealized tv
         | 'society', and mostly-homogenous comparatively rich/affluent
         | folk who can afford not to give a shit about politics.
        
       | ada1981 wrote:
       | It's unfortunate that CEOs / Founders think it's appropriate to
       | dictate the culture of the organization vs. learning to nurture
       | the emergent values from within the team.
       | 
       | It's a sign of limited leadership capacity to attempt to install
       | culture as a top down mandate.
        
         | arawnx wrote:
         | It's unfortunate that people who run companies... run
         | companies? Do you understand how deluded you sound when you're
         | indignantly concerntrolling over a crypto startup not abiding
         | by the hyperintense political environ that you personally
         | prefer? This is installing a culture. It's installing a culture
         | that _doesn 't_ leech into either
         | 
         | a. Areas they can't focus on primarily, or b. Areas that would
         | directly make 10, 15, 25% of their human capital feel
         | attacked/engaged in a hostile environment.
        
         | tofuahdude wrote:
         | Literally the job of executives is to define mission, vision,
         | and the cultural approach to pursue that mission.
         | 
         | Emergent mission, vision, and culture is a recipe for
         | bankruptcy.
        
         | knorker wrote:
         | It's a business. Not a kindergarten. Though in Silicon Valley
         | (having worked there) I know many employees don't understand
         | this.
         | 
         | It's like that person who screamed "we're trying to build a
         | home here!" at a university when someone was to be cancelled.
         | What? No... that's not what a university is.
         | 
         | Emergent values and culture? A CEO should just start paying
         | people and hope that a business emerges? What? It's literally
         | the job of the leadership to steer the company.
        
       | curclerobber wrote:
       | This began over something that doesn't feel "political" to me.
       | For me, and perhaps many others, BLM is primarily about
       | injustice. Is taking a stand against injustice political?
        
         | jefe_ wrote:
         | I would say standing against injustice is not political. But
         | there comes a point where in order for change to occur and
         | prevent future injustices, the stand must become a walk (to
         | keep the metaphor). Some will say it should be a jog, others a
         | sprint, some will think continued standing is fine. And that's
         | just discussing the pace. There will be ideas and opinions on
         | route, and whether or not to stop for breaks, and whether water
         | should be supplied, or what impact people walking will have on
         | the roads, the list goes on. I think when the time comes to
         | give direction or motion to a stand against injustice, it then
         | becomes political. It's not bad that it becomes political, it's
         | the natural course of change in society, but it does mean that
         | some of the unity derived from standing must be sacrificed, as
         | people choose the mechanism for change they support. The key is
         | to sacrifice as little of the unity as possible.
        
       | plorg wrote:
       | I think this story takes on a particular valence because it
       | involves a libertarian-inflected business in supposedly left-
       | leaning SV. Certainly most of the HN commentary has jumped to the
       | assumption that this is the result of pushy SJWs etc.
       | 
       | But I don't think this is a good way to approach political speech
       | at work. Coinbase is aligned very closely with libertarian
       | politics for a variety of reasons that complement each other. I
       | would be very surprised if there wasn't rampant libertarian-
       | inflected speech being traded by employees. Indeed, a policy
       | against engaging in political speech unrelated to the company's
       | goal will almost certainly amplify that particular type of
       | political messaging.
       | 
       | I work for a company with very conservative leadership, who
       | contribute, individually, to very conservative causes. I
       | contribute to and participate in a Pride event being held in my
       | town. Last year an outside political group protested the event,
       | and it led to the City, via the city council, chaired by the CEO
       | of my company, creating de novo restrictions on usage of City
       | property specially for that event, and my boss showing up to film
       | that event. Later, the same political group ran a political
       | candidate for mayor explicitly on a ticket of shutting out Pride
       | from City facilities (which, obviously, is legally dubious). It
       | was a rancorous election in a deeply conservative community, even
       | though the challenger got nowhere near the votes required to win.
       | 
       | My company's official policy is that, in the interest of
       | respecting others, we should refrain from discussing politics at
       | work. In the context of this election, my coworkers, with whom I
       | share a pod, were discussing how the city should just be able to
       | kick out Pride, because it's fine if people are gay, we just
       | don't want them in our community. These same coworkers often
       | waste their time quoting Steven Crowder and similar political
       | talkers. My manager, who works in the same pod, initiates
       | conversations every week about, how was your weekend, what did
       | you do. I find them uncomfortable, but my manager sees them as
       | valuable for team building.
       | 
       | Generally I find my team fairly collegial, though they almost
       | certainly don't share my political or, in some cases, religious
       | convictions. During the week of Pride I mentioned I had attended
       | the event with my wife, and I received cold looks from the entire
       | office.
       | 
       | I am frequently looking for work elsewhere, for a variety of
       | reasons. And if I were offered a buyout this generous I would
       | definitely take it.
        
       | krzyk wrote:
       | Is "apolitical" stance a bad thing? Isn't it the default, safe?
       | 
       | I lived in country where you had to be "political" to be in
       | management, it didn't end up well (East Europe, Soviet Union), I
       | always (naively?) thought that West countries were wiser.
       | 
       | So I prefer companies to not mess with politics.
        
         | libraryatnight wrote:
         | When you come out with a policy like this as a response to this
         | https://www.wired.com/story/turmoil-black-lives-matter-polit...
         | 
         | it's not apolitical, it's just giving yourself a formal policy
         | note to point to for any future need to tell people to "shut
         | the fuck up and get to work"
        
         | eli wrote:
         | This has been discussed extensively in the previous threads on
         | Coinbase, but banning the discussion of certain topics in the
         | workplace is itself a political stance. Very much so.
        
           | JPKab wrote:
           | Is banning discussion of religion in the workplace a
           | political/religious stance?
           | 
           | Or is it just an attempt to be decent and get people to do
           | the thing they were hired to do, which is to make their
           | investors more fucking money? As a shareholder in several
           | tech companies, I don't like the idea of people having
           | discussions like these on my dime. How many bugs that were
           | never fixed with Youtube Music, for example, could have been
           | fixed if there weren't shit heads sitting around having flame
           | wars on my fucking dime?
        
             | DoofusOfDeath wrote:
             | > Is banning discussion of religion in the workplace a
             | political/religious stance?
             | 
             | (Please forgive any flawed logic below - I assure you it's
             | an oversight. I'm posting this in good faith.)
             | 
             | I'd say yes, but basically in the same way Coinbase's band
             | on political speech in the office is a stance.
             | 
             | Consider religious people whose theology holds that they
             | should attempt to convert everybody in their circles, even
             | their professional circles.
             | 
             | It seems to me that banning that is tantamount to saying
             | either (a) their theology is wrong, or (b) it's not wrong
             | but the employer is resisting it regardless, or (c) the
             | business has no place for employees holding those beliefs.
        
         | Pfhreak wrote:
         | "Apolitical" is the default. It's another way of saying, "The
         | way things are is fine".
         | 
         | The problem is that this is, in itself, a political stance.
         | 
         | An example could be climate change. If Coinbase is doing
         | nothing to make energy more green (even if that's just writing
         | amicus briefs or blog posts), then they are effectively saying,
         | "The way things are is fine."
        
           | Miraste wrote:
           | Companies aren't, and shouldn't be, superPACs. Getting
           | Coinbase to use green energy is the job of government
           | regulations and incentives, not political crusades from
           | Coinbase's management. If the government isn't doing this,
           | it's a problem to solve with different policy makers, not by
           | trying to force all companies to have party platforms.
        
           | AnimalMuppet wrote:
           | No, they are effectively saying "Those issues are outside the
           | scope of the purpose of our organization". That's _not_ the
           | same thing.
        
           | sequoia wrote:
           | > "Apolitical" is ... another way of saying, "The way things
           | are is fine".
           | 
           | I disagree strongly & think you're dead wrong here.
           | Apolitical in the workplace is saying "we come to work to
           | align on & collaborate in working towards _shared goals_ and
           | _those goals_ are what we should be focused on at work.
           | People who share this goal (coinbase, make money, promote
           | crypto whatever) may vote R, D, or not vote at all. _We can
           | all still work together on our shared goal._ "
           | 
           | It means people with different views can work together on
           | stuff they _do_ agree on rather than  "I can't work with
           | anyone who doesn't vote the same as me" which is what social-
           | justice-in-the-workplace seems to lead to, for better or
           | worse.
           | 
           | It is NOT an endorsement of the status quo, it's a
           | recognition that you and I might both oppose the status quo
           | for _completely different reasons_ that have _nothing to do
           | with work_.
        
             | thundergolfer wrote:
             | The work you do together is political. It of course isn't
             | necessarily directly engaged with USA national politics,
             | but it's directly engaged in politics.
             | 
             | Politics is a very broad and encompassing concept. It isn't
             | synonymous with some nation's representative political
             | system.
        
           | eli wrote:
           | There's nothing apolitical about forbidding employees from
           | talking about certain sensitive topics at work, especially
           | where what's "sensitive" is a subjective decision by
           | management.
        
           | BurningFrog wrote:
           | Being apolitical in the workplace is a way of making it
           | possible to work together for a common goal with people who
           | are very different than you and have very different opinions.
           | 
           | You can still be very politically active on your own time.
        
           | hnracer wrote:
           | Having an apolitical workplace is not the same as that
           | workplace saying that all things are fine. It just means that
           | you keep discussion of political topics that are orthogonal
           | to the mission of the company out of the workplace. A company
           | is optimized around its mission and the usual hot button
           | political issues can only serve to be a distraction that saps
           | productivity and effectiveness.
        
           | SpicyLemonZest wrote:
           | You, I, and Coinbase are all doing nothing to promote Joe
           | Danna's campaign for sheriff of Harris County, Texas. Does
           | that mean that we're effectively endorsing the status quo and
           | the incumbent Ed Gonzalez? Or does it just mean that the
           | Harris County sheriff's office has nothing to do with us?
        
         | JPKab wrote:
         | My wife is mostly liberal from a US political perspective, but
         | happens to be opposed to abortion. I happen to disagree in
         | nuanced ways with her on this topic. My business.
         | 
         | According to my coworkers, who discovered this because they saw
         | her bumper sticker when she picked me up one day, this is
         | because she is "ignorant and doesn't know the facts" and "if
         | she knew the facts she wouldn't think that way" and that I
         | "need to talk to her and explain them."
         | 
         | They think that, due to their profession, they are intelligent,
         | and therefore anyone who disagrees with them about a complex
         | topic is either less intelligent or uninformed. It's the
         | epitome of youthful arrogance. Naturally, none of them have
         | kids and really don't see the nuance of the issue. It's
         | insufferable, and at one point I was getting ready to clobber a
         | guy who I am 100% positive has never been hit in his life.
         | 
         | Politics should be left out of work. And yes, by convincing a
         | broad spectrum of the American public that Trump won the
         | election because of a few facebook ads bought by Russian
         | assets, instead of simply saying that they had a shitty
         | candidate, the Democratic party has essentially pressured tech
         | companies to have political filtering on their staff. If
         | Facebook had Republicans working at senior levels in their
         | company, they would have been subjected to even more harassment
         | from Dem leaders who scapegoated them for their loss in 2016.
         | Facebook has former Democratic party operatives at high levels
         | in their company. They don't and can't have anyone from the
         | Republican party. They get unending amounts of shit for Thiel
         | being on their board.
        
           | kmonsen wrote:
           | I think it is a bit more nuanced than that, and that the line
           | is really hard to draw.
           | 
           | If you wife for example got a manager that thought the
           | females had no place in the workplace and should be a stay at
           | home wife and was open about this, would that be ok?
           | 
           | If you are gay, and your manager loudly say that being gay is
           | a sin, would that be ok?
           | 
           | I get that it can feel like the other way too, it probably
           | feels hostile to be conservative in a fairly liberal company.
           | But being open and supportive of all your employees seems
           | like good and understandable business decision. That of
           | course includes being welcoming to conservative people. If
           | you think your coworkers are a disgrace, no matter the
           | reason, I think it would be smart to not make this known.
        
           | lazyasciiart wrote:
           | But you're completely wrong. Facebook does have Republicans
           | at senior levels in their company - Republicans as in "Joel
           | Kaplan, vice-president of global public policy at Facebook,
           | manages the company's relationships with policymakers around
           | the world. A former law clerk to archconservative justice
           | Antonin Scalia on the supreme court, he served as deputy
           | chief of staff for policy under former president George W
           | Bush from 2006 to 2009, joining Facebook two years later."
           | 
           | https://www.theguardian.com/technology/2019/nov/03/facebook-.
           | .. https://popular.info/p/the-republican-political-operatives
        
         | beervirus wrote:
         | > Isn't it the default, safe?
         | 
         | Not in tech. If you're not actively competing to be more woke
         | than the next guy, then you're a literal nazi and your silence
         | is violence.
        
       | ccktlmazeltov wrote:
       | The problem is that companies can have huge impact in the US due
       | to a lack of effective regulations + legal corruption (lobbies).
       | Large companies are pretty much the source of many executive
       | decisions. Without that power, an employee should be able to just
       | join or not join a company based on what the company is doing
       | (ethically moral or not).
        
       | dmode wrote:
       | If I had another offer, I would also take severance over
       | Coinbase's "apolitical" stance
        
         | beervirus wrote:
         | If I had an equivalent offer, I would take the severance (4-6
         | months paid leave) plus that offer in a heartbeat, regardless
         | of any political statement or non-statement.
        
       | JPKab wrote:
       | I feel like this confirms (although this could be confirmation
       | bias, and would literally be a textbook case) my belief that this
       | is indeed a tiny percentage of people at most tech companies that
       | are really into social justice activism, and they are very, very
       | noisy and disruptive.
       | 
       | My suspicion is that the percentage of folks who are into this is
       | higher at companies like Google, who have absurdly overly
       | bureaucratic hiring pipelines that weed out free thinkers in
       | favor of academic elites who are strong conformists. Strong
       | conformists from academia are the ones I see gravitating most to
       | this form of activism. Add to that the fact that your typical
       | Google engineer is massively overqualified for the actual work
       | that they do on a daily basis (working on a cog in a gear in a
       | giant system) and you get a lot of anxious, bored people trying
       | to erase their guilt over being radically overpaid.
       | 
       | Another group of folks I've witnessed being into social justice
       | activism (at an extreme level) are borderline Aspergers folks
       | I've worked with who, on a good day, have a hard time navigating
       | human relationships of any kind. I think the intersectional,
       | hierarchal nature of these beliefs brings a Dungeons and Dragons,
       | RPG like sense of order to humans that is comforting to them. The
       | fact that it's mostly over-simplified and false escapes them.
       | 
       | Basically, Coinbase probably got rid of a lot of unproductive
       | personnel and won't have to deal with this anymore.
        
         | dgellow wrote:
         | > who have absurdly overly bureaucratic hiring pipelines that
         | weed out free thinkers in favor of academic elites who are
         | strong conformists
         | 
         | That's just anecdotal but the people I know at google are the
         | less conforming and the most "weird" (not in a pejorative
         | sense) people I know. They also have no connection to academia
         | and in fact all of them failed their studies for years because
         | they were spending their time doing other crazy things.
        
         | CJefferson wrote:
         | So these people you don't like (sjas) are both disruptive and
         | conformist?
        
           | JPKab wrote:
           | Yes. They conform to their peer group by embracing politics
           | and ideas from the SV bubble, which includes being disruptive
           | for the reasons which their quasi-religion dictates.
        
       | chairmanwow1 wrote:
       | I think is one of the greatest decisions I've seen from a SV CEO
       | in a long time. The expectation around this recent bout of social
       | activism is that if you aren't actively campaigning the cause you
       | are against it.
       | 
       | I hated working at one of previous jobs because there were 600
       | different issues talked about in the workplace. The underlying
       | assumption was that you were always onboard. Many times I wasn't
       | and it.
       | 
       | Seeing Armstrong voice this policy makes me much more interested
       | in working at Coinbase. I'm convinced that I won't be cornered
       | into jumping on the latest cause de jour because that's what's
       | expected of me. Where any deviation from the cause's line would
       | put my job at risk.
        
       | libraryatnight wrote:
       | It doesn't feel like this is about being 'apolitical' - it feels
       | very political, particularly when you read
       | https://www.wired.com/story/turmoil-black-lives-matter-polit...
        
       | aaron-santos wrote:
       | > Armstrong said in the memo he recognizes that what counts as
       | politics is "a blurry line."
       | 
       | Good luck dealing with disagreements on this when it's so poorly
       | defined.
        
         | SpicyLemonZest wrote:
         | Is this something where there needs to be a bright-line rule?
         | It feels like having a rigorous formal definition for "be nice
         | to your coworkers" - a healthy company can resolve these kinds
         | of disputes informally, and an unhealthy company will struggle
         | no matter how clear the rules are.
        
       | areichert wrote:
       | > "I'm worried that the severance package was too good"
       | 
       | Yeah... I'm genuinely curious how many people actually quit over
       | the "apolitical" stance, vs employees that were just unhappy with
       | the job in general and took this convenient opportunity to leave
       | with a pretty sweet deal.
        
         | majormajor wrote:
         | > Yeah... I'm genuinely curious how many people actually quit
         | over the "apolitical" stance, vs employees that were just
         | unhappy with the job in general and took this convenient
         | opportunity to leave with a pretty sweet deal.
         | 
         | Getting people who are unhappy (politics aside) to leave sounds
         | more like "the severance package was a nice move" than "the
         | severance package was too good."
        
           | areichert wrote:
           | Hmm that's a pretty interesting way of thinking about it, I
           | didn't even consider it from that angle.
           | 
           | Might be a silly idea, but I wonder if more companies would
           | benefit from doing something like this on a semi-regular
           | basis, i.e. giving unhappy employees the opportunity to leave
           | with a decent "severance" package?
        
             | paulgb wrote:
             | The problem with this is adverse selection: the employees
             | who are worth the most elsewhere relative to their current
             | comp would be the quickest to leave.
             | 
             | It would be great for those employees, though!
        
             | greggyb wrote:
             | Netflix takes the stance 'adequate performance gets a
             | generous severance package.' You can read more in their
             | culture doc that made the rounds a few years ago.
             | 
             | Original deck:
             | https://www.slideshare.net/reed2001/culture-1798664/
             | 
             | Up to date statement: http://jobs.netflix.com/culture
        
         | tabbott wrote:
         | Remember that this is a press release, not independent
         | journalism. This press release tries hard to position it as
         | "people left because of the severance was really good" because
         | that narrative is in Coinbase's interest. That may be true, but
         | it's also possible most of 60 people quit through this program
         | because they were upset about it.
         | 
         | In an ideal world a reporter could answer your question by
         | talking to many of the people who quit and ask what motivated
         | their decision, but the severance package almost certainly came
         | with an NDA that would make doing so impossible.
         | 
         | So we'll likely never know. Probably one should assume that the
         | answer doesn't look great for Coinbase's narrative; if they
         | thought it would, they might have done a survey and published
         | data from it.
        
         | anoncareer0212 wrote:
         | That employee is distanced enough from the idea that people
         | would genuinely want to leave that I kinda laugh when I read
         | their quote. COBRA alone would eat up most of the severance.
         | 
         | Either people managed to get through a _whole interview
         | process_ in a week, or they're fine with the idea of being
         | jobless during the worst economy in 12 years, or they price the
         | benefit of not being there fairly high.
         | 
         | Which then leads us to how the whole argument is blinkered. It
         | reduces decisions to a cost benefit analysis where a
         | significant part of the benefit doesn't have a market price.
         | Then, it questions if the benefit was too large, but by
         | definition the arguer is still at the company and thus believes
         | the unpricable part of the benefit isn't worth enough enough to
         | leave.
        
           | ahelwer wrote:
           | Software seems to be doing okay, jobs-wise. The number of
           | recruiters showing up in my inbox hasn't changed. I think
           | health insurance is included in the severance.
        
             | anoncareer0212 wrote:
             | It isn't, the generosity is allowing you to pick up COBRA
        
               | patrickyeon wrote:
               | I haven't seen the details here, but I've been laid off
               | twice in the last two years, in both cases when "the
               | employer provided COBRA" they meant they are paying my
               | COBRA premiums. This showed up as a cheque, on top of my
               | severance pay, for the expected cost of COBRA premiums
               | plus an appropriate amount to pay for the taxes on that
               | payout.
        
               | shuckles wrote:
               | I believe COBRA is available for up to 36 months after
               | your employment ends in California by law. As a result, I
               | don't know how to read "6 months COBRA" from the excerpt
               | of the severance email besides "we will pay 6 months of
               | employer premiums."
        
               | anoncareer0212 wrote:
               | COBRA means employees paying the employer premium, by
               | guaranteeing COBRA, an employer is saying "We won't stop
               | paying the health insurance company for _everybody else's
               | insurance_, so you'll still have someone to pay" - it's a
               | great PR jiu jitsu move, I didn't realize until this
               | thread how confusing it is - I'm only familiar with it
               | because sadly I had to sunset a company in California.
        
               | shuckles wrote:
               | So are you saying the Coinbase CEO simply said something
               | to the effect of "we will maintain our insurance plans
               | for 6 months company-wide"? That seems disingenuous.
        
           | vmception wrote:
           | > COBRA alone would eat up most of the severance.
           | 
           | A single software engineer paying for full price for high
           | premium plan on COBRA would be spending around $400[1], over
           | the whole 18 months of doing that it would be $7,200 which
           | would be less than one month's paycheck on a $160,000 salary.
           | 
           | A cursory look at h1bdata.info shows that Coinbase pays
           | plenty of H1B's that much, on the low side.
           | 
           | Your view is a little exaggerated.
           | 
           | There isn't a downside here. If you were there a very short
           | amount of time, just remove it from your resume and have a
           | gap. Its inconsequential for software engineers. If you were
           | there for over a year, take your vested shares, leave it on
           | your resume, and still coast. If you were already
           | interviewing and had another offer, do the same.
           | 
           |  _[1] To my surprise, people are paying WAY more for health
           | insurance. Are they San Francisco /Bay Area residents?
           | Unknown. Are they individuals or paying the family rates?
           | Unknown. Are they using the most competitive providers?
           | Unknown. Is Coinbase still covering health insurance for
           | people on severance as if they were employees with COBRA
           | starting after the severance period is over, adjusting all of
           | our math? Unclear._
        
             | heavyset_go wrote:
             | > _A software engineer paying for full price for high
             | premium plan on COBRA would be spending around $400_
             | 
             | Last time I continued health insurance via COBRA, I paid
             | nearly $2k a month in premiums alone.
        
               | vonmoltke wrote:
               | I just estimated mine, and I would pay about $700/month.
               | A stiff increase to be sure, but easily manageable if I
               | was getting six months salary.
        
               | duked wrote:
               | I also want to share that I paid for COBRA $1,660 a month
               | for for my family coverage (spouse + 2 kids) so $400 is
               | probably not true in many cases even if single it seems
               | really a low estimate
        
             | anoncareer0212 wrote:
             | You're right, if you don't have a family and don't have
             | _any_ paycheck deductions, don't pay _any_ taxes, and use
             | numbers 33% below the average cost, it seems small.
             | 
             | Survey of purported 2019 data shows $570 * 12 = $6,840 for
             | individual, $19,000 for family (for some reason, no monthly
             | cost there)
             | 
             | So lets say you only pay the feds income tax, and don't
             | bother with medicaid, social security, state income tax,
             | 401K, any other witholdings whatsoever - you'll earn 85% of
             | $160,000, or $136,000. Divided into 26 paychecks, $5230
             | biweekly.
             | 
             | If you're single, yearly premium would be covered by 2.6
             | weeks of work, or 11% of your severance. If you have a
             | family, 7.26 weeks of work, or 30% of your severance.
        
               | vmception wrote:
               | > If you're single, yearly premium would be covered by
               | 2.6 weeks of work, or 11% of your severance. If you have
               | a family, 7.26 weeks of work, or 30% of your severance.
               | 
               | yeah this is a better metric than my napkin math above.
               | 
               | it is also important to elaborate that we are talking
               | about 4 months of payment with continued health insurance
               | included, and calling that savings for an additional 12
               | months of paying for health insurance.
        
             | jkaplowitz wrote:
             | The one time I was on COBRA, under 3 years ago, I paid
             | close to $700/month, and I was the only person included in
             | my coverage. Health insurance premiums have very likely
             | gone up since then, and family sizes above 1 (such as even
             | I have now) would cost meaningfully more than that. Smaller
             | companies than that employer might also have higher total
             | premium cost per employee, if they aim for good coverage.
        
           | shuckles wrote:
           | Healthcare was also part of the severance package, and the
           | market for software engineers in the Bay Area remains strong.
        
             | anoncareer0212 wrote:
             | It wasn't
        
               | dudul wrote:
               | What do you mean? It's one of the headline items. COBRA
               | paid for 6 months.
        
         | the_only_law wrote:
         | Somewhat unrelated, but on the topic of severance: Back before
         | I broke into the software field, when I was working a retail
         | job, I was working for company that had an unwritten policy
         | that they didn't hire any fulltime employees, all new hired
         | were part time. There were, however a number of "grandfathered"
         | full time employees who had been there quite a while. The
         | company ended up trying to merge with two other companies and
         | after that, decided that they would give remaining full-time
         | employees a choice: _be moved to part time employment, or take
         | a serverance check and leave_. To little suprise, a good many
         | took option 2.
        
         | protomyth wrote:
         | They obviously wanted to make sure it was a sweet enough deal
         | to serve its purpose. I would imagine there were employees that
         | took the deal for non-political reasons. It would make a heck
         | of a bonus, if you were already heading out the door.
         | 
         | Frankly, giving the non-offended but unsatisfied employees a
         | ready out is probably good for Coinbase in the long run.
        
       | heavyset_go wrote:
       | It's interesting to hear Coinbase management insist that they're
       | apolitical when the company makes significant political
       | contributions itself[1].
       | 
       | [1] https://www.fec.gov/data/receipts/individual-
       | contributions/?...
        
         | travisoneill1 wrote:
         | I think they only claimed to be apolitical in matters that
         | don't affect the company's core business.
        
           | tabbott wrote:
           | Right, lobbying is super valuable for a company whose
           | business is in a legally questionable position on the
           | boundary of the highly regulated banking industry.
           | 
           | This "apolitical" move would be a compelling choice if their
           | only goal was optimizing shareholder value -- it's in their
           | interest to maximize their ability to effectively lobby both
           | American political parties to ensure any future
           | cryptocurrency regulations benefit them.
        
         | [deleted]
        
         | mnd999 wrote:
         | That's what didn't sit right with me about the Coinbase stance.
         | It seems somewhat elitist to suggest that the board are allowed
         | to hire lobbyists and make donations to campaigns but the rank
         | and file are not to discuss politics in the office.
        
         | vonmoltke wrote:
         | Something is off about those listings. The majority of the
         | transactions went to "Brian Forde for Congress" and have the
         | memos like " .03533216 BITCOINS SOLD VIA COINBASE - PURCHASER
         | UNKNOWN". I don't think these are contributions _by_ Coinbase,
         | but Bitcoin contributions that went _through_ Coinbase. There
         | is probably some byzantine election funding rule that allowed
         | or forced these recipients to list Coinbase as the "source" of
         | anonymous Bitcoin donations.
        
           | advisedwang wrote:
           | There's not supposed to be "anonymous" donations, that's the
           | entire point of reporting requirements. If Coinbase is hiding
           | political donors, that's gotta be against election law?
        
       | mplewis wrote:
       | I'm curious to know how many of these exits were in engineering -
       | those with the privilege to know another engineering job is
       | immediately available somewhere else - versus other roles in the
       | company.
        
         | jojo2333 wrote:
         | Quite possible this could blacklist you from many other
         | companies.
        
           | MattGaiser wrote:
           | The army of recruiters they have in their inboxes would turn
           | them away now that they are available?
        
           | Taylor_OD wrote:
           | How? Maybe a short list of fintech or cryptotech companies
           | but outside of that?
        
           | altdatathrow wrote:
           | There are literally thousands upon thousands of companies
           | hiring software engineers today.
        
         | [deleted]
        
       | donatj wrote:
       | Honest gut impression - they were probably dead weight anyway?
       | Talking politics at work rather than, you know, getting work
       | done.
       | 
       | I've certainly worked with a number of the type.
        
         | syspec wrote:
         | Generally speaking, dead weight know they're dead weight / have
         | an easy gig, and are the last people you would see taking such
         | a deal because they usually prefer to keep coasting.
         | 
         | By definition most of them do not have strong principles
         | (they're okay with mediocre work representing them), so i don't
         | picture them leaving on principles
        
         | rocketpastsix wrote:
         | I highly doubt they walked in the door, spent 8 hours talking
         | politics and collected their paychecks every month.
        
           | ceilingcorner wrote:
           | That seems to describe about 40% of Twitter users, so...it's
           | not implausible.
        
           | donatj wrote:
           | Dude, you need to meet our old PM. It was politics, loudly
           | with anyone who would listen, briefly interrupted by making
           | our job harder.
           | 
           | I was actually sad she left on her own rather than getting
           | fired. She actually moved to a bigger company.
        
         | roywiggins wrote:
         | Seems like a really expensive way to get rid of them if they
         | were dead weight in the first place.
        
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