Layoffs are on the rise in the midst of crypto winter
— Week, Job, Workers, Told, Cnn, Midst, Layoffs, Winter, Rise, Coinbase, Crypto, Companies, Employees — 1 min read
A growing number of startups are slashing staff in order to survive a possible prolonged downturn in the crypto market and the broader economy. Hao Jia, an international student, was expected to work as a software engineer at Coinbase, but had his job offer rescinded instead.$69,000 in November. Jia: "Now, after Coinbase, I prefer to go to a bigger company because I worry about my visa" Crypto companies raised $34 billion in funding globally in 2021, an eightfold increase from the prior year. Some execs in the industry are stressing that crypto always bounces back. Source