Due to falling revenues in 2022, crypto companies in total were forced to lay off more than 1,500 employees.
At the same time, there are also such enterprises that, on the contrary, increase the number of employees, despite the collapse of bitcoin.
Binance CEO Changpeng Zhao said that his team will increase by 15-30% in 2023. According to him, the largest cryptocurrency exchange is preparing for a new bull season.
Binance’s headcount has grown to around 5,000 over the past two years. There are currently 687 job openings posted on the Binance website.
Another exchange, Coinbase, opted to move to a new and less expensive business model. The marketplace recently announced its intention to lay off over 900 employees out of a total of 4,700 employees.
The Kraken exchange announced a 30% reduction in staff, and Huobi is preparing to say goodbye to 20% of the staff.