Coinbase has signed a significant lease in San Francisco, marking a return to the city four years after it paid $25 million to exit its previous space. The new lease underscores the company's commitment to its presence in the tech hub despite previous challenges.
A San Francisco tech CEO, Scott Wu, is offering buyouts to staff from a recently acquired startup, Windsurf, encouraging them to leave if they cannot handle an intense work culture. Wu emphasizes that employees should be prepared for 80-hour work weeks and a total commitment to the company's mission, indicating that this lifestyle is not suitable for everyone. The buyout consists of nine months of pay, making it an attractive option compared to typical severance packages.