Many in the crypto world have been glued to their screens with dead eyes on the financial conditions this week. However, that is not the case for everyone, as thousands of people are experiencing the effects of sudden unemployment.
Words of encouragement and sympathy have also flooded Twitter and LinkedIn comforting people released from their responsibilities. Some expressed their frustration, confusion and anger, while others expressed their gratitude, renewed vision and reflections.
My heart is with those recently laid off. I too have been one of the lucky ones to be spared by massive layoffs on days where friends have been let go. This privileged situation has its own anxiety, displacement and heaval. Sorry you’re going through this moment.
— Matt Murray (@vintageneon) June 16, 2022
My heart goes out to the recently laid off. I too have been one of the lucky ones to have been spared mass layoffs on days when friends have been laid off. This privileged situation has its own anxiety, displacement and disorder. I’m sorry you’re going through this time.
As recently laid-off talent takes to social media to let the world know, multiple companies have risen up to offer job interviews to those in need.
Binance has spoken out across social media, offering two thousand jobs to replace the thousands of people who were recently disbanded. Company CEO and President Changpeng Zhao, or CZ, provided additional support to the newly made available talent pool.
It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did.
Today, we are hiring for 2000 open positions for #Binance. pic.twitter.com/n24nrUik8O
— CZ Binance (@cz_binance) June 15, 2022
It wasn’t easy saying no to the Super Bowl ads, stadium naming rights and big sponsorship deals a few months ago, but we did.
Today, we are hiring for 2000 open positions for Binance
CZ went on to say: “While many projects and exchanges will struggle through the bear market, many will come back stronger than before. Those that honestly fail will start new projects and bring critical learnings from this experience. This is how an industry grows.”
Ripple (XRP) also offered opportunities through a tweet sent by its CEO, Brad Garlinghouse.
Ripple is hiring for hundreds of roles around the globe – both in person and remote. Fair warning – we have a “no assholes” policy here. If that’s the kind of culture you’re looking for, apply here https://t.co/49kPgUOMpR https://t.co/IZl4wskYFp
— Brad Garlinghouse (@bgarlinghouse) June 16, 2022
Ripple is hiring for hundreds of positions around the world, both in person and remote. We warn you: we have a “no jerks” policy.
Cryptocurrency exchange Kraken stepped in by offering somewhat conditional employment opportunities. A thirty-two-page manifesto outlining the company’s culture was published for interested parties who wanted to join.
Several other companies sent out tweets offering new job opportunities as well.
Unfortunately several crypto exchanges announced big layoffs recently:
– @coinbase 18%
– @Gemini 10%
– @cryptocom 5%
– @BlockFi twenty%Despite all this several of our hiring partners are still looking for devs: Rust, Solidity, React, NodeJS…
✉️ DMs are open! #hiring
—CryptoCareers | Hiring Web3 Devs (@_cryptocareers) June 14, 2022
Sadly, a number of cryptocurrency exchanges recently announced big layoffs:
– @coinbase 18%
– @Gemini 10%
– @cryptocom 5%
– @BlockFi 20%Despite all this, several of our contracting partners are still looking for devs: Rust, Solidity, React, NodeJS…
DMs are open! We are hiring
Rob Behnke, CEO of Halborn Security, tweeted with fully remote opportunities in marketing, sales, security engineering, and HR.
To those affected by the USDCOIN Coinbase, BlockFi or general web3 layoffs: @HalbornSecurity is hiring Marketing, Sales, Security Engineering, HR and much more! 100% Remote!https://t.co/UnvgyLwT9j
— //Rob Behnke (@robbehnke) June 14, 2022
To those affected by layoffs from USD COIN Coinbase, BlockFi or web3 in general: @HalbornSecurity is hiring Marketing, Sales, Security Engineering, HR and much more! 100% remote!
In recent days, token prices have fallen, investment firms and exchanges are facing insolvency, and Bitcoin support at $23,000 remains elusive, with some even targeting $8,000 as the incoming minimum. Many wallets are in the red, as dozens of investors seek to hedge their tax losses as a means to help numb their financial pain.
Criticism from Hester Peirce lashed out at the SEC, while Mark Cuban offered some words of wisdom: “As [Warren] Buffett: “When the tide goes out, you see who’s swimming naked.” Job seekers, investors, and cryptocurrency enthusiasts can only wait with bated breath for what happens next.
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