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Cryptocurrency Startup Underpaid Women and Black Employees, Data Shows

39 pointsby marteyover 4 years ago

6 comments

john_moscowover 4 years ago
For context, this is a second hit piece by NYT on Coinbase. The first one was almost exactly a month ago [0]. They started after Coinbase specifically took a stance to separate political activism from work [1] and offered the employees who were not happy with it to take a severance package.<p>[0] <a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2020&#x2F;11&#x2F;27&#x2F;technology&#x2F;coinbase-cryptocurrency-black-employees.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2020&#x2F;11&#x2F;27&#x2F;technology&#x2F;coinbase-crypt...</a><p>[1] <a href="https:&#x2F;&#x2F;blog.coinbase.com&#x2F;coinbase-is-a-mission-focused-company-af882df8804" rel="nofollow">https:&#x2F;&#x2F;blog.coinbase.com&#x2F;coinbase-is-a-mission-focused-comp...</a>
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xiphias2over 4 years ago
,,As many tech leaders publicly voiced support for Black Lives Matter protests, Black employees at Coinbase said on the Slack messaging platform that they were hurt by the silence of Mr. Armstrong and other executives about the matter. &#x27;&#x27;<p>Underpaying for the same job based on race is a very serious allegation, just like racism. But if being silent is caregorized as bullying &#x2F; hurting in the same article, it&#x27;s hard to take the article seriously. It should stay strictly within the potential legal issues.
karlztover 4 years ago
So many contradictions on Glassdoor: <a href="https:&#x2F;&#x2F;www.glassdoor.com&#x2F;Reviews&#x2F;Employee-Review-Coinbase-RVW23922815.htm" rel="nofollow">https:&#x2F;&#x2F;www.glassdoor.com&#x2F;Reviews&#x2F;Employee-Review-Coinbase-R...</a>
bondarchukover 4 years ago
They sure are mad.
knighthackover 4 years ago
For the accusations that the NYT makes, are the women and black employees doing exactly the same job as the others, or are they in different&#x2F;easier&#x2F;less technical roles?<p>I don&#x27;t have access to the article, and I&#x27;d need to know that before I can make any judgment call.
daearover 4 years ago
The data is from 2018 and doesn&#x27;t cover all of the employees, only groups they selected.<p>&gt; the company started to conduct a comprehensive review of compensation across the company in late 2018<p>Even assuming the data was accurate and unbiased, it was gathered before the company had this review.<p>&gt; When [the data collector] factored in stock options for Coinbase’s employees ... the compensation for women and men was roughly the same<p>A piece of information that&#x27;s too nuanced for the title, I guess.