Many in the world of cryptocurrencies have been glued to their screens with their eyes on the financial conditions this week. However, this does not apply to everyone, as thousands suddenly find themselves in difficulty with sudden unemployment.
Words of encouragement and sympathy also flooded Twitter and LinkedIn, comforting individuals who were released from their responsibilities. Some expressed resentment, confusion, and anger, while others expressed gratitude, renewed vision, and reflection.
My heart goes out to those who were recently laid off. I have also been one of the lucky ones to have been spared massive layoffs on days when friends have been let go. This state of privilege has its anxiety, displacement and agitation. Sorry you’re walking through this moment.
– Matt Murray (@vintageneon) June 16, 2022
As recently laid off talents go on social media to let the world know, many companies have stepped in to offer job interviews for those in difficulty.
Binance has been vocal on social media, offering 2,000 jobs instead of the thousands that were recently dissolved. The company’s CEO and president Changpeng Zhao, or CZ, provided additional support to the newly qualified talent group.
It was not easy to say no to Super Bowl commercials, stadium naming rights, big sponsorship deals a few months ago, but we did.
– CZ Binance (@cz_binance) June 15, 2022
CZ went on to say: “While many projects and stock exchanges will struggle through the bear market, many will come back stronger than before. Those who fail honestly will start new projects and bring important lessons from this experience. This is how the industry grows[s]. ”
Ripple (XRP) also offered the opportunity through a tweet sent from their CEO, Brad Garlinghouse.
Ripple employs hundreds of people around the world – both in person and remotely. Fair warning – here we have a “no asshole” policy. If this is the kind of culture you are looking for, apply here https://t.co/49kPgUOMpR https://t.co/IZl4wskYFp
– Brad Garlinghouse (@bgarlinghouse) June 16, 2022
Crypto Exchange Kraken was involved in offering fairly conditional job opportunities. A thirty-two-page policy outline of the club’s culture was published for interested parties who wanted to join the club.
Several other companies sent out tweets that also offered new job opportunities.
Despite all this, several of our recruiters are still looking for developers: Rust, Solidity, React, NodeJS …
✉️ DM are open! # recruitment
– CryptoCareers | Hire Web3 Devs (@_cryptocareers) June 14, 2022
Rob Behnke, CEO of Halborn Security, tweeted with completely distant opportunities in marketing, sales, security engineering and HR.
To those affected by $ coins Coinbase, BlockFi or general web3 terminations: @HalbornSecurity is in charge of marketing, sales, security engineering, HR and much more! 100% remote control! Https: //t.co/UnvgyLwT9j
– // Rob Behnke (@robbehnke) June 14, 2022
In recent days, the price of tokens has plummeted, investment firms and stock exchanges are facing bankruptcy and Bitcoin support for $ 23,000 continues to fall, with some even considering the $ 8,000 minimum. Many portfolios are deep red as many investors seek to hedge their tax losses as a way to help alleviate financial pain.
Criticism from Hester Peirce burned at the SEC, but Mark Cuban came up with some words of wisdom: “Like [Warren] Buffett says, “When the tide goes out, you get to see who swims naked.” Job seekers, investors, and cryptocurrency enthusiasts can only wait and see what happens next.
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