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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.
Updated Sep 14, 2021, 12:53 p.m. Published May 10, 2021, 9:31 p.m. 1 min read
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.
- 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
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What to know:
- Elon Musk is exploring a potential merger of Tesla and SpaceX, a move that would deepen operational overlap in areas such as power infrastructure and AI-related computing.
- A combined Tesla-SpaceX entity would control about 30,221 bitcoin, worth roughly $3.3 billion, making it the fifth-largest public corporate holder of the cryptocurrency.
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