Beyond the crypto hype, Coinbase is facing some serious people management issues. It has attracted best talent from big and prestigious tech and finance firms, but those talented people are handled in a poor way. Whether it is pay, career grooming or long term retention. Needs some serious change.
Have been at Coinbase for close to a year. High turnover and lack of clear career path for experienced professionals are two consistent themes across teams.
Titles and levels are not consistent across teams. Compensation is mediocre. Ownership and accountability lacks. People getting fired, forced to let go or feeling unappreciated because the new managers don't connect with the old employees.