Crypto Derivatives Exchange Bitget Intends to Double Its Staff Over the Next Six Months, Despiteunfavorable market conditions. This is stated in the press release.
“As we continue to experience cryptowinter,this will be a great opportunity for us to attract talent and strengthen our foundation, prioritize growth and be ready to welcome the next round of cryptocurrency adoption when the market recovers,” said Gracie Chen, managing director of the exchange.
At the beginning of 2021, Bitget had a staff of 150human. By mid-2022, the team has tripled, and the company plans to hire about 500 employees by the end of the year. The focus will be on product development and customer service professionals.
Previously, the decision to continue hiring employees was announced in Bitfinex and Tether.
Binance CEO Changpeng Zhao called the crypto winter the right time to expand the staff and further develop the business through various acquisitions.
Ripple is moving along a similar path, which announced the opening of an engineering center in Toronto and 50 vacant positions. The company also announced plans to hire “hundreds of people.”
Recall that in June, Crypto.com CEO Chris Marszalek announced his intention to lay off about 260 employees. According to some reports, Bybit is also going to cut staff.
The optimization was announced in BitMEX, Robinhood, Gemini, Bitso and the parent company of the Brazilian exchange Mercado Bitcoin. European crypto broker Bitpanda announced the dismissal of 730 employees.
Coinbase has decided to cut its staff by about 18%, while crypto-lending platform BlockFi has decided to cut its staff by 20%.
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