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Coinbase Is Moving To A "Decentralized" Company Without Headquarter
Summary: Coinbase announced that San Francisco is no longer its "official headquarter". The company that is about to go public has decided to implement the "remote first" principle. "Forgoing a formal headquarters is also more in line with the spirit of crypto, built on the inherent benefits of decentralization," said CEO Brian Armstrong in a memo, "...elevating one ...
Coinbase announced that San Francisco is no longer its "official headquarter".
The company that is about to go public has decided to implement the "remote first" principle.
"Forgoing a formal headquarters is also more in line with the spirit of crypto, built on the inherent benefits of decentralization," said CEO Brian Armstrong in a memo, "...elevating one specific office over any other office does not make sense for a remote-first Coinbase."
The company stated that since January 2020, nearly 250 employees have been scattered around the world, and more than 150 employees have left San Francisco, accounting for 21% of the total number of employees worldwide at that time and 29% of the employees in San Francisco.
By Mary Liu
Tags: Brian Armstrong,Coinbase,Decentralized,Francisco
Link: Coinbase Is Moving To A "Decentralized" Company Without Headquarter [Copy]
