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Cryptocurrency Exchange Coinbase has publicly shared an internal letter rejecting an as yet unpublished New York Times article which it says will allege black employees have had “negative experiences” with the company.
The letter, posted to the company’s blog on Thursday, said NYT reporter Nathaniel Popper has interviewed current and former employees in recent weeks and “will allege that a number of employees and under- Black contractors mentioned in the article have filed complaints with the company.
“In fact, only three of these people filed complaints while at Coinbase. All of these complaints were thoroughly investigated, one as part of an internal investigation and two by separate third-party investigators, all of whom found no evidence of wrongdoing and concluded the allegations no. ‘were unfounded. “
The letter, which was unsigned but referred to first person in some places, appears to be an effort to remove the sting of the report by vetting the narrative before it even begins. “We have provided several written and official statements to The Times. We have no control over whether and how the Times uses these statements (in whole or in part) in history, ”Coinbase says.
The letter goes on to say that despite the company’s “best efforts” to provide Popper with relevant information, Coinbase expects “the story will paint an inaccurate picture that lacks full information and context. “
“Finally, let me be absolutely clear on these points: We are committed to maintaining a safe, supportive and welcoming environment for employees of all walks of life,” says the anonymous writer (possibly CEO Brian Armstrong). “We do not accept intolerant behavior. And we are committed to the new belonging, inclusion and diversity strategy that we rolled out at the start of the quarter. “
The New York Times will publish the article in print on Sunday and possibly before that in online versions, according to the post.
The expected article and the company’s preemptive response are shaping up to be the second major blow to Coinbase this year, after a controversial Armstrong blog post this summer said it would effectively ban most of it. political activism in his workplace and would focus on the “mission.”
The missive was apparently launched after internal protests broke out when the CEO did not publicly support the “Black Lives Matter” movement, but said “black lives matter”. he later compromised in a tweet.
At least 60 people took the opportunity to leave in September, including several executives, after Coinbase offered severance packages to staff unhappy with the new position.
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