Crypto Giant Kraken will give employees 4 months’ salary to quit

  • Kraken’s CEO offers four months’ salary for employees who do not agree with his values ​​to quit.
  • The program is called “Jet Ski”, and employees have until June 20 to participate, the New York Times reported.
  • “We want it to feel like you’ve jumping on a jet ski and looking forward to your next adventure!” read a note about the project.

Kraken, one of the world’s largest cryptocurrency exchanges, will pay employees four months’ salary to quit if they disagree with the values, according to The New York Times.

In a Wednesday report describing the company’s internal cultural unrest, the publication quoted interviews with Kraken employees who made “hurtful” comments about preferred pronouns and degrading statements against women, among other burning remarks from CEO Jesse Powell.

Employees also said Powell held a company-wide meeting on June 1 where he unveiled the program, called “Jet Ski,” designed to encourage employees to leave if they do not believe in Kraken’s cryptotypical libertarian principles, the Times reported.

A 31-page document, known as “Kraken Culture Explained”, positioned the program as a “re-commitment” to the company’s core values. Employees have until June 20 to participate in the acquisitions, the Times reported.

“If you want to leave Kraken, we want it to feel like you’ve jumping on a jet ski and looking forward to your next adventure!” Read a note about the acquisitions, according to the Times.

Kraken did not immediately respond to Insider’s request for comment.

On Monday, Kraken boss Christina Yee entered


Slack

to employees that “the CEO, the company and the culture are not going to change in a meaningful way,” and urges workers to go “somewhere that does not detest you,” the Times reported.

Pending publication of the article, Powell said on Twitter on Wednesday that “most people do not care and just want to work, but they can not be productive while triggered people continue to drag them into debates and therapy sessions. The answer for us was to just post the cultural document and say: agree and commit, disagree and commit, or take the money. “

“20 people out of 3,200” employees were not involved in the company’s values, Powell said, noting that there were “some heated debates.”

Anti-establishment sentiment is common in cryptocurrencies and other decentralized financial areas. It has provided the industry with a common ground with some conservative figures who condemn “awake” ideals in favor of what they see as freedom of speech.

Powell’s Kraken cultural manifesto includes a section entitled “We do not ban offensive”, emphasizes the importance of having a “tolerance for diverse thinking”, and said “law-abiding citizens should be able to arm themselves”, according to the Times.

Powell is not alone in his position. Tesla and SpaceX CEO Elon Musk have similarly said that a “woke mind virus” is damaging the business of streaming giant Netflix, which also shared a cultural memo with employees in May.

The company asked employees to quit if they did not agree with the content it shows, such as the controversial comedian Dave Chappelle’s program, which caused setbacks over jokes about transgender people.

Musk retweeted the news with the caption, “Good move by @netflix.”