Bearish Market is Tough for the Employees

Source

The recent downtrend in the crypto market has effecting the hiring of numerous crypto platforms while a number of job postings are declining.

Coinbase is among one of those platforms which has modified it's expansion plans in respect of hiring new employees. Coinbase has shared that, they are going to freeze hiring.

Despite the bearish market, Kraken is looking for a hiring push with hundreds of jobs across the globe. Kraken declared that it's not going to fire its employees.

The company shared the news in a blog:

We have not adjusted our hiring plan, and we do not intend to make any layoffs. We have over 500 roles to fill during the remainder of the year, and believe bear markets are fantastic at weeding out the applicants chasing hype from the true believers in our mission. Source

This announcement by Kraken has come shortly after Coinbase has decided to modify its earlier plans regarding expansion by creating new jobs because of the bearish market.

FTX also declared that they are not going to minimize hiring of new employees despite the market conditions. FTX adopted the stance taken by Kraken.

Tough days for the crypto industry specially for the employees after the recent announcement from Coinbase which is sort of a frustration for the employees as employees should have a job security in order for them to work stress free.

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