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Wednesday, July 2, 2025

Crypto giant Kraken offers 4 months' pay for employees who don't agree with its libertarian principles to leave - Yahoo Finance

Kraken's CEO is offering four months' pay for employees who don't agree with his values to leave.
The program is dubbed "Jet Ski," and employees have until June 20 to take part, the New York Times reported.
"We want it to feel like you are hopping on a jet ski and heading happily to your next adventure!" read a memo about the project.
Kraken, one of the world's largest cryptocurrency exchanges, will pay employees four months' worth of wages to leave if they disagree with its values, according to The New York Times.
In a Wednesday report detailing internal cultural turmoil at the company, the publication cited interviews with Kraken employees who recounted "hurtful" comments around preferred pronouns and demeaning statements toward women, among other incendiary remarks, made by CEO Jesse Powell.
The employees also said Powell held a companywide meeting on June 1 in which he unveiled the program, called "Jet Ski," designed to incentivize employees to leave if they don't believe in...



Read Full Story: https://finance.yahoo.com/news/crypto-giant-kraken-offers-4-205018008.html

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