Coinbase CPO Resigns Amid Widespread Crypto Firm Resignations

Coinbase Shows Mission Dedication, Financial Freedom For All
  • Chief Product Officer of cryptocurrency exchange Coinbase Resigns Amid Restructuring.
  • Over 60 Coinbase workers have recently accepted departure packages since September.
  • Politics causes internal conflict and detracts from the business: Brian Armstrong.

Surojit Chatterjee, the chief product officer of cryptocurrency exchange Coinbase (COIN), resigned after the business reorganized its product, engineering, and design teams. 

According to a Securities and Exchange Commission filing, Chatterjee’s retirement was “mutually agreed” upon. He will however continue to assist Coinbase in an advising capacity at least through February 3, 2023. According to his LinkedIn page, Chatterjee worked with Coinbase for approximately three years.

After an incredible run that began in February 2020, I’ve decided to leave my current role as Chief Product Officer at Coinbase. Although this is certainly the end of a chapter, I’m looking forward to continuing to help Coinbase grow by serving as an adviser to the company’s co-founder and CEO, Brian Armstrong.

Surojit Chatterjee.

Over 60 Coinbase workers have recently accepted departure packages. This comes after the company’s CEO, Brian Armstrong, said in a controversial blog post in September that it would not engage in social action.

Armstrong’s blog post sparked a heated discussion about politics in Silicon Valley businesses. According to Armstrong, politics causes internal conflict and detracts from the business. 

However, a lot of detractors remarked on how ironic it was that a cryptocurrency corporation, whose goal is intrinsically political, resisted upsetting the established order. Recently, Google and Facebook have also made efforts to limit internal discussions on contentious political matters.

According to Armstrong, fewer employees from underrepresented groups accepted the departure package than the general population.
This summer, when Coinbase refused to issue a statement endorsing Black Lives Matter, employees also virtually staged a walkout According to Wired, this sparked internal discussion over the company’s politics.

Tags:
disclaimer read more

Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer