Bonus material thread.

This was only briefly mentioned in today's story about Coinbase, but managers surveyed Black employees at the end of a summer of turmoil to see how they were feeling

The resulting report did not paint a pretty picture.

nytimes.com/2020/11/27/tec…
"Why hasn't anyone in leadership engaged with black employees?" one employee quoted in the survey said. "It feels like a slap in the face."
Some other quotes from the report:

"Employees feel unsupported and unsafe."

"None of my family members think I should stay here."

"I can't leave my skin color at the door."

"This isn't about politics: it's about the well being of employees who work for you."
Employees quoted in the report said a lot of their concerns grew from actions of Coinbase CEO Brian Armstrong:

"Trust with Brian and the executive team has eroded over time: sometimes it feels like it's Brian vs. everyone else."

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Nathaniel Popper

Nathaniel Popper Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @nathanielpopper

27 Nov
NEW: Coinbase CEO Brian Armstrong has long styled himself as a Silicon Valley thought leader on management and culture.

The culture he built, however, led to a history of complaints about discrimination and racism from Black employees, buried until now.

nytimes.com/2020/11/27/tec…
In one period -- in late 18, early 19 -- almost all of the company’s Black employees left in a short period of time, with nearly a dozen of them making complaints to managers and HR before leaving.
“Most people of color working in tech know that there’s a diversity problem. But I’ve never experienced anything like Coinbase," Alysa Butler, who worked in recruiting at Coinbase, told me.
Read 5 tweets
26 Feb 18
Just got this slide from a confidential Circle presentation. It does more to explain Circle's acquisition of Poloniex than anything I have seen today.
Takeaway: the SEC did indeed informally indicate to Circle that regulators would "not pursue any enforcement action for prior activity" at Poloniex as long as Circle cleans up Poloniex and turns it into a regulated exchange.
The SEC seems to be saying here that it's okay if you broke the rules, as long as you get acquired by a legitimate player before we crack down on you.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!