"1. Enhanced structured assessments with cognitive testing"
This is basically "racism with a side of logic puzzles"
"Over the past 12 months, we have tested structured assessments for cultural alignment and technical skills, and validated these were predictive of performance at Coinbase"
Measuring performance is itself a can of worms and racism magnet. In order words: garbage in, garbage out. They're validating that they get what they measure, but if both are biased in the same way, well, probably they aren't learning what they think they are.
"We believe having a minimum bar on these assessments will drive consistency in evaluation, reduce bias, and foster a meritocracy."
Consistency? Probably. Consistency of goose turds.
Reduce bias? Certainly the opposite. They're literally creating bias via cultural alignment. That's the whole fucking point of cultural alignment: it's intentional bias.
Oh, did they mean reducing discrimination against protected classes? LOL. also no. Probably they never learned that IQ tests are racist, and what they're doing is probably worse.
"Foster a meritocracy" what is this, a parody of 2005 libertarian tech start-ups? … … oh right, griftocurrency.
Apparently they were sick the day that their grade school teacher presented why meritocracy is a myth
https://en.m.wikipedia.org/wiki/Myth_of_meritocracy