Coinbase to shut down its San Francisco office in 2022.
This is to eliminate the labeling of some offices as unofficial.
Coinbase Global Inc, the biggest cryptocurrency exchange in the US has disclosed it will close down its San Francisco office in 2022. This means employees will continue to work from home.
According to the company, closing the SF office will bring equal importance to all the Coinbase working places to eliminate the labeling of some offices as unofficial. The company further stated that career outcomes are anchored on capabilities and output, not location. The company does not intend to discourage operations from any office at all, but to create smaller offices across the world and allow workers to work from there if they choose.
Coinbase is committed to being remote first. We announced we no longer have an HQ and as a next step, we’re closing our SF office (our former HQ) in 2022.
— Coinbase News (@CoinbaseNews) May 5, 2021
This announcement comes a year a