Coinbase chief product officer Surojit Chatterjee steps down

Cryptocurrency exchange Coinbase’s chief product officer Surojit Chatterjee is stepping down from his current position, effective from November 30, 2022, said the company in its US SEC filing. This comes at a time when worldwide crypto enterprises are laying off employees and declaring bankruptcy.

Chatterjee will continue to serve as an advisor until February 3, 2023. He reportedly received a $646 million severance payout when he joined Coinbase in February 2020. He had previously worked at Google.

“In connection with Mr. Chatterjee’s resignation, Coinbase’s product, engineering and design teams are being reorganized within a product group structure under which the leaders of such groups will assume responsibility for Coinbase’s product offerings,” said the US exchange in its filings.

"After nearly 3 incredible years as CPO @coinbase, I’m taking a breather & stepping down. Thanks to the entire CB team - I’m looking forward to continuing to serve @brian_armstrong and the exec team as an advisor," Chatterjee said in a tweet.
In his blog post, Chatterjee added, "Over the last three years we’ve greatly expanded our product portfolio and our product and engineering teams, increased assets on platform by ~7X, increased MTUs by 8X."