Despite Mass Layoffs, LinkedIn and Indeed Report Increased Demand for Crypto Professionals

Despite negative sentiments from the crypto markets and mass layoffs by major crypto firms like Coinbase, Gemini, Crypto.com and others, job search portals like LinkedIn and Indeed report an increase in demand for professionals of cryptography and Web3. According to data provided by Indeed in a report, career prospects in the field of cryptocurrencies, blockchain, …

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One More Crypto Exchange Announces Layoffs Amid Recession

Following Bybit’s plans earlier this week to lay off employees, another cryptocurrency exchange has now joined the long list of companies cutting staff. Major exchanges like Coinbase have already made the ax recently thanks to prevailing market conditions. The saga of crypto layoffs drags on amid macroeconomic pressure in financial markets. Crypto Exchange BitPanda to …

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Bitget Will Increase Its Global Workforce Despite Global Crypto Layoffs

Bitget, a major cryptocurrency platform, announced on Thursday that it plans to double its global workforce despite the crypto winter and amid layoffs seen at other crypto firms around the world. Take advantage of London’s biggest financial event. This year we have expanded into new verticals in Online Commerce, Fintech, Digital Assets, Blockchain and Payments. …

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Layoffs in the crypto industry may have unintended consequences

Studies have shown that layoffs are likely to increase the chances of bankruptcy Despite being in a bear market, many companies are still looking to hire talent Over the last month, prominent crypto firms have laid off thousands of employees as they prepare for a long crypto winter. Coinbase has cut 1,180 employees (approximately 18% …

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What do the growing job layoffs mean for the crypto industry?

As crypto markets stall and payrolls shrink, observers believe it could push the industry to prioritize real-world applications over speculative trading. The latest crypto crash has many companies slashing their payrolls as observers wonder what a prolonged recession would mean for the industry moving forward. On June 14, Coinbase, the largest U.S. cryptocurrency exchange that …

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A spate of layoffs is fueling recession anxiety – FBC News

[Source: CNN] Two years ago, when the pandemic ushered in the sharpest economic downturn on record, it sparked a wave of layoffs. The subsequent recession was painful but thankfully short; technically, it lasted only two months. Since then, the economy has come back strong. Unemployment in the US is near its lowest level in 50 …

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Crypto Has a Crazy Week, With Bitcoin Dropping and Celsius Freezing

Crypto was all the rage in 2021. This week, it crashed. The nosedive began on Sunday night. One of the largest crypto lending platforms, Celsius Network LLC, unexpectedly told customers that it was pausing all withdrawals, trades, and transfers between accounts due to extreme market conditions. Celsius customers panicked and people with money on other …

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Crypto Has a Crazy Week, With Bitcoin Dropping and Celsius Freezing

Crypto was all the rage in 2021. This week, it crashed. The nosedive began on Sunday night. One of the largest crypto lending platforms, Celsius Network LLC, unexpectedly told customers that it was pausing all withdrawals, trades, and transfers between accounts due to extreme market conditions. Celsius customers panicked and people with money on other …

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