Crypto Updates

Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn

Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn


Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment.

Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration, confusion, and anger while others expressed gratitude, renewed vision, and reflections.

As recently laid-off talent takes to social media to let the world know, multiple companies have stood up to offer job interviews to those in distress.

Binance has been vocal across social media, offering two thousand jobs to replace the thousands that were recently dissolved. The company’s CEO and President Changpeng Zhao, or CZ, provided additional support to the freshly made available talent pool.

CZ went on to say, “While lots of projects and exchanges are going to struggle through the bear market, many will come back stronger than before. Those that fail honestly, will start new projects and bring critical learnings from this experience. This is how an industry grow.”

Ripple (XRP) also offered opportunities via a tweet sent from their CEO, Brad Garlinghouse.

Crypto exchange Kraken stepped in offering somewhat conditional employment opportunities. A thirty-two-page manifesto outlining the company’s culture was released for interested parties looking to join the company.

Several other companies sent out tweets offering fresh employment opportunities as well.

Click Here to Read the Full Original Article at Cointelegraph.com News…