The Kraken crypto exchange is hiring — as long as employees don’t call things racist - The Verge
The CEO of cryptocurrency exchange Kraken has announced that the company is hiring more than 500 roles but simultaneously published a document on company culture that discouraged employees from calling out racism, transphobia, or hateful speech.
With the price of Bitcoin, Ethereum, and almost every other cryptocurrency tumbling dramatically, major crypto companies like Coinbase and Crypto.com have laid off hundreds of workers in the past few days alone. But one company is on a hiring spree — just not for employees who will call out racism, transphobia, or label other kinds of workplace behavior toxic.
The Kraken cryptocurrency exchange, ranked in the top five globally by trade volume, announced in a blog post Wednesday that it was hiring more than 500 new staff, as long as they fit with the company’s vision of a “crypto-first culture.” Another document linked in the post outlines the fundamentals of that culture divided into sub-sections that summarize a particular vision of crypto-libertarianism associated with controversial CEO Jesse Powell.
One pillar is that “crypto is for everyone,” and another is that “belief in The Mission is a must” — the mission being to accelerate cryptocurrency adoption worldwide. Another section, labeled “Life, Liberty and the Pursuit of Sound Money,” explains that Kraken is founded on belief in the constitutional basis for free speech, free markets, and armed self-defense.
But apparently, the right to free speech at Kraken is not absolute because the next section — “Someone Must be Offended, Some of the Time” — explains that employees “do not call someone’s words toxic, hateful, racist, x-phobic” and must instead “calmly challenge ideas with logic, reason and better ideas.”
If there was confusion about the kind of work environment Kraken promotes, Powell gave his own summary of the culture in a tweet thread published early on Wednesday morning, claiming that there were only “20 people out of 3200 [employees] who are totally not on board.”