Numerous Black employees at Coinbase recently publicly complained about the discrimination they faced at the company. Several women who work at Coinbase have also complained internally about how they were hired, paid and promoted, according to company documents and five employees with knowledge of the complaints. The compensation analysis paints a new and detailed picture of the challenges that women and Black employees have faced at Coinbase, a start-up that has taken center stage in a broader debate in Silicon Valley about how underrepresented employees are treated. “As a result of this process, we implemented a new compensation program that brought Coinbase in line with some of the world’s most respected technology companies. But his strategy has left many workers feeling shortchanged or alienated, according to current and former employees, surveys and internal documents.

Source: New York Times December 29, 2020 22:07 UTC