According to data obtained by the New York Times, Coinbase’s Black employees are paid as much as 7% less than other employees in similar jobs, and women are paid as much as 8% less than men in comparable positions. Coinbase’s pay disparity for women appears to be 80 times larger than the tech industry average.
If you’ve been paid unfairly at Coinbase, our employment discrimination attorneys can help. Contact us today for a free and confidential consultation.
Coinbase underpays women and Black employees
Cryptocurrency start-up Coinbase allegedly underpays its women and Black employees, according to the New York Times. The Times received Coinbase pay data from as recently as 2018, and had it analyzed by an economist who has done statistical analysis for lawsuits about pay bias.
Coinbase’s gender pay disparities appears larger than disparities at Google and Oracle, which have both faced lawsuits over discriminatory pay.
Black employees have spoken up about unfair treatment at Coinbase in the past. According to a November 2020 report by the New York Times, up to 75% of of Coinbase’s Black employees left, quit, or were fired by the company in 2018 and 2019 after allegedly experiencing racist treatment. One employee said:
“Most people of color working in tech know that there’s a diversity problem. But I’ve never experienced anything like Coinbase.”
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