Coinbase Will Shut Down For Four Weeklong Breaks in 2022 to Recharge

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Crypto exchange Coinbase  (COIN)  is giving four weeks of coordinated recharge time to its staff, in a bid to avoid employee burnout, in yet another intense year for the company.

“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,” Chief People Officer L.J. Brock wrote in a company blog post published earlier this week.

Coinbase went public through a direct listing on the Nasdaq in April last year. Coinbase stock has fallen 5.87% year-to-date, according to data from Marketwatch.