Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Altcoin

Coinbase to Give Employees a Recharge Week

Coinbase is testing out giving employees four ‘recharge weeks’ off in a bid to balance out what it has called an ‘intense’ working environment. 

In a blog posted on Monday, the company wrote: “The bottom line: We work incredibly hard at Coinbase — for most of us, Coinbase is the most intense place we’ve ever worked. That intensity is only magnified by the current moment in crypto, and it often results in long days and long weeks.”

The experiment will allow roughly one recharge week per quarter in 2022, when “nearly the entire company will shut down.” This is to allow all employees some down time without work piling up, the company said.

Although recharge weeks are — in theory — in addition to annual leave, the company has encouraged employees to schedule vacations to coincide with them. 

It added that the move is to ensure its pace of growth is sustainable for the long term. Coinbase does not expect to offer this perk beyond 2022. 

Outlining why the company is such an all-consuming place to work, it referenced its culture document: “We are a winning team, not a family, and have high expectations for performance and delivering results…. We have an intense work culture, and are regularly pushed out of our comfort zones.”

Long working hours are justified, it said, because “the risk of missing out on a huge opportunity is too great.”

Amid the fight for talent in tech and crypto, offering perks, such as more time off, alongside big compensation packages, is becoming increasingly common. 

Earlier this week, e-commerce platform Bolt said it would permanently switch to a four-day working week after an experiment with reduced hours led to improved productivity. 

theblockcrypto

Featured

Binance

Binance, the world’s largest exchange by trading volumes, is growing its team. The exchange has now appointed Henrique Meirelles, who previously served as the...

Crypto Exchange

The crypto exchange made this known via an announcement on its official Twitter page. With the new feature, the Coinbase wallet will automatically warn...

Crypto Exchange

opular crypto exchange, Crypto.com, has pulled out of its partnership with the Union of European Football Association (UEFA). The firm confirmed the development in...

Crypto Exchange

Government intelligent agencies are seeking a new law to list crypto exchanges under the existing crypto regulatory system distinctively. The new law will make...