Coinbase chief tells employees to quit if they are not happy in the company

The employees of Coinbase were told to quit if they were not content and happy working for the company. Cryptocurrency firm. The chief executive officer of the cryptocurrency company, Brian Armstrong, urged staff to "quit and find a company you believe in" after some workers posted a petition demanding the replacement of some executives in the company.

According to Fox Business, the Coinbase chief slammed the petition titled "Operation Revive COIN," which has now been deleted. It has been asking employees to support a vote of confidence to remove Coinbase's chief people officer, LJ Brock, chief product officer, Surojit Chatterjee, and chief operating officer, Emilie Choi, from the company.

"We the employees at Coinbase believe that the executive team has recently been making decisions that are not in the best interests of the Company, its employees, and its shareholders," the organizers wrote in the petition. "COO Emilie Choi, CPO Surojit Chatterjee, and Chief People Officer LJ Brock have been the most prominent executives who have been executing plans and ideas that have led to questionable results and negative value."

The employees also mentioned Coinbase's move to extend its hiring pause and the cancellation of job offers for some applicants who were already accepted. The organizers said that these actions only resulted in a "massive negative reception from the public and industry at-large."

In response to this, the company explained that these situations only happened because of the current market conditions. The group further claimed that Coinbase has over-prioritized particular products, which resulted in the lack of focus on the most important matters, such as infrastructure.

Finally, The New York Post reported that the petition also alleged that there were failures at Coinbase under the leadership of the sitting executives. The company CEO said that the workers' decision to publicly release the petition was unethical and warned that if the company found any workers to be responsible, they would be fired.

"Posting this publicly is also deeply unethical because it harms your fellow co-workers, along with shareholders and customers," Armstrong posted on social media. "It is also dumb because if you get caught you will be fired, and it is just not an effective way to get what you claim to want."