NEW: We were sent a trove of inside data on what Coinbase pays its employees.
We had an economist crunch the numbers.
The upshot: women and Black employees across the company earned far less than their colleagues in similar jobs.
nytimes.com/2020/12/29/tec…
We had an economist crunch the numbers.
The upshot: women and Black employees across the company earned far less than their colleagues in similar jobs.
nytimes.com/2020/12/29/tec…
Women at Coinbase were paid 8% - or $13,000 - less than male colleagues in similar jobs. The few Black salaried employees were paid 7% less than similarly-placed white colleagues, a number that went up when bonuses were included. 
The data is a reminder of the continuing pay gaps in Silicon Valley. But the disparities at Coinbase appear to be significantly larger than what has been seen at the few other companies that have been forced to release data (companies that were sued).
We recently reported on the struggles of Black employees at Coinbase. The company said then that this was just a matter of a few unhappy employees. The new data indicates that the problems with inequity at the company were more widespread.
Coinbase has had internal discussions about these problems after bad reviews from employees on Glassdoor.
One review warned that the “unconscious pro-male bias is out of control” and told women: “you’ll get paid less than your male colleagues.”
One review warned that the “unconscious pro-male bias is out of control” and told women: “you’ll get paid less than your male colleagues.”
An internal document shared with the Times shows that Coinbase knew its #'s were bad. A Coinbase document showed that the % of engineers who were women at the company (13%) was half the industry average and well behind all 11 companies it considered competitors.
Coinbase was aware that employees didn’t think execs were trying to fix these problems. One internal document said employees had noticed the “lack of engagement” on diversity from execs, leading to “confusion” about whether the company cared about improving the problems.
The data we received goes up to 2019.
The company says that was when it began a new compensation review to make salaries more fair.
More recent data we received indicates the company's diversity efforts have not significantly changed the imbalances inside the company.
The company says that was when it began a new compensation review to make salaries more fair.
More recent data we received indicates the company's diversity efforts have not significantly changed the imbalances inside the company.
The company's current rating for "Diversity & Inclusion" on Glassdoor -- 1.1.
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