Crypto winter has arrived–and it’s chilly out there for the thousands of employees being laid off in response to the sector’s worst downturn in several years.
I should know. My cryptocurrency company is one of the many that had to reduce staff earlier this year when the crypto market tumbled. Simply put, we were overstaffed for slower-than-expected growth. The collapse also came at a time when we were transitioning away from retail to become a B2B company, so we no longer needed certain roles.
But the crypto industry’s loss is a potential gain for other employers in a range of industries that can benefit from the dynamism, autonomy, and analytical thinking skills that crypto natives tend to have in spades. The overall job market is resilient–and employers should give serious consideration to any crypto castaways that come their way.
New day, new cuts
Despite its short history, crypto is no stranger to sudden, painful bear markets that force firms to quickly cut their staffing costs....
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...