Coinbase is no longer allowing new hires to negotiate their salaries: 'We are OK if we lose some candidates due to this decision'

May 11, 2021 - Business Insider

Coinbase, the biggest US bitcoin exchange, continued its shakeup of Silicon Valley norms this week after last week's announcement that it is done with centralized offices.

Next on the chopping block: compensation negotiations for new hires.

"We are officially eliminating negotiations on salary and equity from our recruiting process," Coinbase Chief People Officer L.J. Brock wrote in a blog post announcing the move. "If you pass our bar and...