Coinbase announces that in 2022 there will be a one-week break every quarter. That’s exactly four separate weeks in the year when“almost the entire company will shut down”,a way to recharge workersoverwhelmed by the high intensity and volume of work.
Coinbase in 2022: a deliberate recharge time for workers
Coinbase, the US-based crypto exchange,said on Mondaythat it will give its employeesa one-week break every quarter 2022, a deliberation of recharge time for workers stressed by the hard and intense workload.
Coinbase chief people officerL.J. Brocksaid thus:
“This year, we’re experimenting with four recharge weeks (roughly one per quarter), when nearly the entire company will shut down so we can all enjoy downtime without work piling up. Four weeks of coordinated recharge time might sound like a lot of time off for a company in hypergrowth, but given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term”.
Brock also said it has been adoptingthe FTO or flexible time off policy for years in the countries where it is eligible. This means that most employees do not have to accumulate time off before using it or worry about reaching an annual limit.
In spite of the FTO, in 2020 the company itself noticed that employees, due to the amount of work, never took enough free time. So at the end of 2020, Coinbase would schedule a single week’s recharge for all workers, and two weeks in 2021.
Coinbase closes its San Francisco office
The present decision of the digital and crypto-asset exchange platform is the result of an evolution already announced last May 2021.
In fact, in addition to smart-working which, due to the global pandemic has become the solution to continue working, Coinbase had alreadyannouncedthatin 2022 it would officially close its headquarters in San Francisco.
A way to become a“remote first” company in its own rightand demonstrate their“decentralized workforce”, where no location is more important than the others.
The closure of the San Francisco office, in fact, would aim tooffer a network of smaller officeswhere employees can go to work if they want to, without having the headquarters and a few locations scattered in a limited number of cities.
The platform’s 2022 crypto market forecasts
Recently,Surojit Chatterjee, CPO of Coinbase,provided10 crypto market predictions for 2022.
Among several points,optimism emerges about Ethereum and its promise of greater scalabilitythanks to upgrades that are expected to be active from June. Chatterjee argues that the second-largest crypto by market capitalization will continue to be considered thebasis of the web3 revolution.
At the same time, the manager says that there will also beimprovementson competing blockchains such asCardano, Solana and Avalanche.
Not only that,DeFi, NFTs and the Metaverse will also take centre stage 2022. With exponential growth, it could happen thatnew insurance protocolswill emerge to secure users’ funds. WhileNFTs will be the new competitors with traditional social networks, both in terms of their popularity and use of the metaverse.