Ripple CEO Brad Garlinghouse has stated that the firm will keep hiring despite the ongoing crypto carnage.
In a thread of encouraging tweets on Tuesday, Garlinghouse stated that Ripple had a “significant cash balance” and thus could afford to keep hiring the best talent. He further said that they intended to source about 50% of the workforce outside the U.S. However, he noted that it had taken a lot of effort and discipline to keep the company afloat, stating that previous market gyrations had conditioned them for turbulent times.
“We’ve been preparing for this…It’s never easy” Garlinghouse wrote. He went on to give reasons as to how Ripple had managed to stay elevated during cyclical bear markets. First, the firm had an experienced executive team that had been toughed by the dot-com bubble, 2008 financial crisis, 2018 crypto, and more.
Secondly, the San Francisco-based blockchain firm had been strengthened by its long-term focus. Over the years, Ripple has been building enterprise...
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