It hasn’t exactly been a happy new year in the tech job market, with Discord, Google, Amazon, Meta, Uber and several other firms announcing layoffs.
The job markets for tech and crypto can be thought of as linked to more volatile industries populated largely by programmers, but so far, crypto has dodged the tech job cuts.
Tech has seen over 5,000 layoffs so far in January, according to data compiled by layoffs.fyi. Crypto has seen just 35 layoffs this month, caused by the NEAR Foundation cutting 40% of its staff earlier this week. This is in contrast to last January, when the crypto job market was a bloodbath as firms struggled to contain the fallout from FTX’s demise.
Read more: Latest in crypto hiring: Huobi layoffs cap another week of cuts
The crypto market is in a better place now, which may explain the current lack of layoffs — and a possible pick-up in hiring.
“Anecdotal, but hiring in crypto seems to be picking up nicely ahead of the BTC spot ETF,” Rob Paone, founder of crypto recruiting firm Proof of Talent, wrote earlier this week on X.
Read more: Bitcoin ETF Tracker
“If you’ve been affected by layoffs across tech, Google, Amazon, Duolingo etc. — there are JOBS JOBS JOBS in crypto!” Jules Mossler of CoinFund said on X.
Still, not everyone is ready to open up the crypto hiring floodgates quite yet.
“PSA to new founders in the Bitcoin/crypto space. Your numbers may be looking really good at the moment. That does not mean you should start hiring a ton of people,” Alexander Leishman, CEO of custody platform River, wrote on X. “Invest in automation and build small, high-quality teams.”
Read more: Bitcoin on recovery path while stocks decline on jobs data, Fed minutes
StarkWare CEO steps down for personal reasons
After a yearlong leave of absence, StarkWare co-founder Uri Kolodny has stepped down from his role as CEO, Kolodny announced Thursday on X.
Eli Ben-Sasson, StarkWare’s president and Kolodny’s co-founder, will take over the top job.
Kolodny said he left his role at the rollup developer because of “[v]icious medical challenges at home” but would remain a board member of StarkWare and the Starknet Foundation.
StarkWare is a notable player in the zero-knowledge rollup space, a useful piece of infrastructure for scaling blockchains like Ethereum. Zk rollups submit proofs of batches of transactions for settlement on layer-1s, saving the base layer from having to process as much data.
Read more: StarkWare moves to open-source its prover
Other notable hiring news
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