Coinbase is losing the trust of the stakeholders and the employees - Software Development Engineer Coinbase Employee Review

1.0
20 Jun 2021
Recommend
CEO approval
Business outlook

Pros

- many talented people - remote work and good pay

Cons

- the exec team is very disconnected : the latest example is the CPO trying the employees that 40 h per week is not enough, when most of the comment is working 55+ hours - coworkers reported that early employees with lots of equity for suspiciously bad reviews: it looks like leadership is making a move against early employees that made the company - work life balance is non existent: work hours are from 8 am to 1 am in term of expected response time on slack. Saturdays are mostly free, but the week starts on Sunday at 5pm. - everyone is always scared of losing their job, and preparing for it: it blocks innovation

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Coinbase Response
5y
Thank you for your feedback. We want to ensure the promise of working at Coinbase matches the experience of being here. In the last 3 months, we’ve hired ~600 people. It is important we reiterate how we are thinking about building our company and culture at this rate of growth. We want to be transparent that there is no initiative in place to specifically reduce the intensity of the hours our jobs demand, and that we don’t intend to limit our ambitions by a traditional 40 hour work week, and come together to continue to build Coinbase. Yes, the sprints are very demanding; however, we are working on sustainability by increasing the frequency of our formal recharge periods. We recently implemented two recharge (company shutdown) weeks for 2021 (one week in July, and one week in December), as well as a handful of recharge days to ensure that no one goes more than ~6 weeks without a recharge break. We appreciate you taking the time to share feedback with us! L.J. Brock, Chief People Officer

Explore other reviews about Coinbase

5.0
21 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Smart, interesting coworkers. Good manager/s.

Cons

Remote culture can make it hard for building connections

4.0
6 Aug 2021
Recommend
CEO approval
Business outlook

Pros

- Very interesting technical challenges - A LOT of autonomy (could be a con) - Amazing perks (WFH stipend, random gifts all the time) - Very smart colleagues - Great communication all around the company - Exciting - Brilliant CEO and engineering execs - A lot of useful education and automation regarding processes

Cons

- There is a lot of autonomy so if you're the kind of person who needs the work to be handed to you, you'll have to adjust - Since crypto is a very fast paced field, you will often have multiple projects on the go at the same time so work-life balance is usually relatively bad, although the company does offer re-charge days (and weeks) so that we can all take time off. - This is the biggest con: you get assessed if you're "on-track" or "off-track" every quarter, if you're "off-track", you have 60 days to fix it. Quite an aggressive stance, similar to Amazon's PIP program which is notoriously toxic.

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