Cryptocurrency exchange Binance has opened 2,000 job openings for staff, Chief Executive Changpeng Zhao said Wednesday, a stark contrast to a string of job cuts in the industry.
“It wasn’t easy to say no to Super Bowl ads, stadium naming rights, big sponsor deals a few months ago, but we did it. Today, we have 2,000 vacancies on #Binance,” Zhao said in a tweet to his 6.4 million Twitter followers.
The company’s decision comes amid extreme volatility in the cryptocurrency market, as investors are liquidating risky assets over fears that rising inflation would force the Federal Reserve to aggressively raise interest rates and send the US economy into a tailspin. recession.
Cryptocurrency exchange Coinbase said on Tuesday that it would cut about 1,100 jobs, or 18% of its workforce, the latest company preparing to face a downturn in the cryptocurrency market.
BlockFi and Crypto.com also cut hundreds of jobs, while Meta and Intel also put the brakes on hiring.
Source: CNN Brasil
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