Made me think of Andromeda:)
Posted on 06/15/2022 10:51:25 PM PDT by American Number 181269513
Kraken, one of the world's largest cryptocurrency exchanges, will pay employees four months' worth of wages to leave if they disagree with its values, according to The New York Times.
In a Wednesday report detailing internal cultural turmoil at the company, the publication cited interviews with Kraken employees who recounted "hurtful" comments around preferred pronouns and demeaning statements toward women, among other incendiary remarks, made by CEO Jesse Powell.
The employees also said Powell held a companywide meeting on June 1 in which he unveiled the program, called "Jet Ski," designed to incentivize employees to leave if they don't believe in Kraken's crypto-typical libertarian principles, the Times reported.
A 31-page document, known as "Kraken Culture Explained," positioned the program as a "recommitment" to the company's core values. Employees have until June 20 to participate in the buyouts, the Times reported.
"If you want to leave Kraken, we want it to feel like you are hopping on a jet ski and heading happily to your next adventure!" read a memo about the buyouts, according to the Times.
Kraken did not immediately respond to Insider's requests for comment.
On Monday, Kraken executive Christina Yee wrote in Slack to employees that the "C.E.O, company, and culture are not going to change in a meaningful way," urging workers to go "somewhere that doesn't disgust you," the Times reported.
In anticipation of the articles' publication, Powell said on Twitter Wednesday that "most people don't care and just want to work, but they can't be productive while triggered people keep dragging them in to debates and therapy sessions. The answer for us was to just lay out the culture doc and say: agree and commit, disagree and commit, or take the cash."
(Excerpt) Read more at businessinsider.com ...
Can I say it first?
“Release The Kraken!!”
This is great!
Made me think of Andromeda:)
You win the thread!
Seriously, I find this encouraging. I saw another article on this sort of thing in the last few days involving a different company, I wish I remembered who it was. They got rid of the pronoun activist types and got down to business, and lo and behold, more got done!
The Kraken “Release the snowflakes”.
I have some of my crypto staked on Kraken. They are in good shape and are hiring even while some other Crypto exchanges and banks are firing. That said, they need to move out of California. They wouldn’t have these problems if they were located in America rather than in San Francisco.
“Another company stepping up and telling their SJW employees to take a hike.”
Thanks for the one-sentence explanation. I was thinking that was the case, but it wasn’t perfectly clear from the excerpt. Good to see companies finally starting to follow the lead of DeSantis.
Why 4 months pay? Just fire them!
Exactly. Tell them to got to Ripple.
Brad Garlinghouse: Ripple is Hiring for Hundreds of Roles, But we Have a ‘No A**holes’ Policy
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