The CEO of a well-known cryptocurrency company offered “woke” employees who felt “triggered” by his company’s corporate culture to quit and take severance pay!
Kraken CEO Jesse Powell told Fox News host Ainsley Earhardt that he wanted to restore his company’s culture and avoid distractions, adding some employees felt it was better if they “just moved on.”
“There was a huge amount of support for this move, huge amount of support for the company’s culture and mission and the reinforcement of those. And, I think everyone’s just ready to get back to work and stop being distracted,” said Powell, adding a small number of employees were “creating distractions for the whole company.”
Powell went on to clarify that his company had not been polluted with an “anti-woke” culture for an entire decade, and it was not until the crypto boom that staff was hired who did not align with their original mission. He said about 30 employees took the offer of four months severance out of more than 3,000 staff members.
“We’ve got people from more than 70 countries in the company, that speak more than 50 languages. We’re incredibly diverse in many ways. I think that the problem that some people have is this diversity of thought,” said Powell.
Powell published a restored mission statement, so his employees have a clear idea of the culture he wants to instate in his company.
“If nobody is ever offended, we either don’t have enough diversity of thought, or we don’t have enough transparency in communication. We recognize that hurt feelings are inevitable in a global organization that is optimizing for team outcomes above individual sentiment. The ideal Krakenite is thick-skinned and well-intentioned,” he wrote.
He says that those easily “triggered” and who are “too woke” are unlikely to thrive in such an environment, but he wanted to give them the opportunity to try or to exit with the dignity and financial security intact.
Powell expressed that differences of opinion are “inevitable,” and if employees did not align with the company culture and values, it would be best for them to “pursue the next chapter of their career.”
Powell does not identify as “right” or “left” politically but thinks of himself as a free-thinking “libertarian.” He said he doesn’t want employees who prefer their co-workers to “think like them.” But entertains all manners of opinions in the workplace.
He said the response from his staff was “overwhelmingly positive,” but he holds no ill-will against the few who chose to take the severance and move on.