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Coinbase Boosts Compensation, Will No Longer Negotiate During Hiring
Coinbase said in a blog post it's eliminating negotiations on salary and equity from its recruiting process.
In a series of changes affecting compensation and incentives at the cryptocurrency exchange, Coinbase said it's eliminating negotiations on salary and equity from its recruiting process.
STORY CONTINUES BELOW
- In a blog post Monday, Coinbase also said it has increased cash and equity compensation from the 50th percentile among the company's peers to the 75th across the entire firm.
- Last week, Coinbase announced it is shutting the San Francisco office that once served as the company headquarters at least partly on the grounds the move will allow employees at any location to advance.
Read more: Coinbase to Close Its Former HQ Office in San Francisco to ‘Decentralize’ Workforce
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
