The Crypto Winter Could Cause A Halt In New Hirings: Analysis

The crypto winter could cause a halt in the new hirings for crypto companies because comparatively, the surge in crypto last year brought along one of the most positive real-world effects which was a boom in jobs at startups and companies that were trying to get in on the action. But now, things can change in the crypto winter so let’s find out more in today’s latest cryptocurrency news.

With many tokens crashing as much as 50% or more in a few months, companies are becoming much more careful with their plans. The surge in crypto brought a new wave of hirings for startups and companies but now since many tokens are crashing and some by 50% from their highs, companies in the industry are being much mroe careful with their plans, according to co-founder and CEO of 21shares Hany Rashwan. He also said that his company oversees $2.5 billion in assets and plans to hire more people but some don’t share the same sentiment.

Binance US aims to accelerate the hiring rate to compete with Coinbase as the CEO Brian Brooks announced that the company will 5x the headcount in the next year and a half. Brian Brooks came to Binance US from Washington and he said that the company plans to expand very soon and will continue diversifying. Binance US new CEO Brian Brooks outlined the company’s plans for expansion in the upcoming year. Brooks said that he plans to double the headcount in the next six months by hiring another 75 to 100 people and then increase this by 5 times in the next 18 months.

Walmart is hiring a digital currency and cryptocurrency product lead as we can see from the listing on its website and career platforms like LinkedIn. North America’s biggest retailer by sales is looking to hire an expert in crypto and digital payments. Walmart is hiring a digital currency and crypto product lead that will be for the development of the digital currency strategy and the product roadmap and it is likely that Walmart is making more moves to accept crypto as payments but no details were provided.

The applicants will have to identify crypto-related investment partnerships. The basic requirements for the position are a Bachelor’s Degree, ten years of experience in product or program management, tech commercialization, and experience in the crypto space and related technologies but the salary was not specified.