Crypto.com Expanding Workforce After Previous Layoffs
Crypto.com is making a major comeback in the digital asset exchange industry, with plans to add 1,400 employees to its workforce. This news comes just over a year after the company had to cut one-fifth of its staff. The turnaround began after a rally in bitcoin and other tokens, according to a report from Bloomberg.
CEO Kris Marszalek shared that the company has already added 700 employees since November and is looking to hire another 500 in customer service and 200 in corporate positions. This expansion is part of a larger trend in the crypto sector, with companies like Coinbase Global, Kraken, Binance, and Gemini also increasing their workforce.
Marszalek has ambitious goals for Crypto.com, aiming to triple its registered user base from 80 million. He emphasized the importance of strategic hiring, noting that simply adding more employees does not necessarily lead to faster growth.
The resurgence in hiring in the crypto sector is a positive sign, following a period of layoffs in early 2023. Companies like Crypto.com, Blockchain.com, and Coinbase had to reduce their staff due to challenges in the industry. However, there is now more optimism and enthusiasm for digital assets, leading to increased job opportunities.
Overall, the expansion of Crypto.com and other companies in the crypto sector signals a promising future for the industry. With a focus on strategic growth and a renewed interest in digital assets, the hiring spree is a positive development for both companies and job seekers in the space.
