Brian Armstrong describes the petition to remove the top managers of Coinbase as really stupid

Brian Armstrong describes the petition to remove the top managers of Coinbase as really stupid

According to a petition now deleted, which was first published on Mirror.xyz, some Coinbase employees want three top officials to be removed from the cryptocurrency exchange. Coinbase CEO Brian Armstrong, who was not listed as one of the three, took to Twitter to describe the move as "really stupid on several levels".

The petition called for the dismantling of Coinbase Chief Operating Officer Emilie Choi, Chief Product Officer Surojit Chatterjee and Chief People Officer LJ Brock. An archived copy of the petition is available in the internet archive Wayback machine .

"We, the employees of Coinbase, believe that the management team has recently made decisions that are not in the best interest of the company, its employees and its shareholders," the petition says.

The authors of the petition cited the "failed" NFT platform from Coinbase, their "poisonous" employee evaluation system and the aggressive and "not sustainable" attitude practices of the stock exchange.

Armstrong encouraged dissatisfied employees in his Twitter thread to "terminate and find a company where you can work in which you can believe".

"Our culture is to publicly praise and criticize privately," he added.

The crack comes shortly after the stock exchange was announced to set the attitude efforts and withdraw a number of assumed job offers, a complaint that is also listed in the petition. Coinbase has decided to take "stricter measures" in order to slow down the growth of his number of employees in the hope of navigating through unsafe waters, Brock wrote about the decision at the beginning of this month.

Coinbase is also controversial by many customers who were alerted when they learned that the stock exchange reserved the right to confiscate customer assets in the event of bankruptcy.

"The crypto assets that we keep on behalf of our customers could be the subject of insolvency proceedings," said the stock exchange in its latest Results report .

Armstrong noted that employees who were caught when signing the petition would be released, as this is a shame.

"There is probably a lot that we can do better, but if you are in a place where you want to let things seep through, then it's time for you to go," he said.

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The contribution Brian Armstrong calls petition to remove top coinbase-execs "Really Dumb", is not financial advice.