‘Permission to Pause’: Coinbase CLO Paul Grewal on How the Company Is Retooling Its ‘Intense’ Culture

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Last week, cryptocurrency exchange Coinbase announced it would experiment with a new policy in 2022: roughly once per quarter, nearly the entire company will shut down for a week to give employees the chance to “enjoy downtime without work piling up.”

It’s a notable move for San Francisco-based Coinbase, which has described its work culture on more than one occasion as “intense.” In announcing its new policy, Chief People Officer L.J. Brock noted, “We don’t promise 9 a.m.-5 p.m. hours or 40-hour work weeks—many days and weeks are long, because that’s what it takes to get the job done.”

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