Wednesday, April 9, 2025
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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

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Ukraine-based blockchain firm announces ‘we’re still hiring’ amid market downturn, war

Sergey Vasylchuk, the chief executive officer of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals amid a market downturn and ongoing conflict in the country. In a Wednesday Twitter thread, Vasylchuk said Everstake had hired 30 people since the Russian war against Ukraine started

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Kraken reiterates hiring targets as CEO denounces ‘woke activists’ in corporate culture

On Wednesday, cryptocurrency exchange Kraken announced that it would continue to hire over 500 roles in various departments amid a market downturn. The company's hiring efforts are in stark contrast to a week of severe layoff announcements from major blockchain firms such as Coinbase, BlockFi, etc. In support of the

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FTX will not freeze hiring amid layoffs at other crypto firms, CEO states

Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues. In a Twitter thread, FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing,” explaining that they will

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