Tech talent migrates to Web3 as large companies face layoffs

Tech talent migrates to Web3 as large companies face layoffs

Web3 companies continue to hire amidst a bull market as tech giants undergo layoffs and hiring freezes. As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix and Apple are undergoing massive job cuts. While many of these layoffs are likely due to an economic downturn, this has resulted in an....


Related News

Crypto companies are still hiring, but you may not find a job post about it

Engaging and networking are key tactics for landing a position in the industry during the crypto winter, recruiters said. Crypto companies are still hiring but might not be actively recruiting amid the market downturn. If you are considering joining the space, however, this is still a good time to get your feet on the door, sources in the industry told Cointelegraph. “While there may not be as many open roles advertised as there were last year, companies are definitely still hiring. Our clients continue to come to us for assistance with finding top talent for key hires,” noted Tyler....

Cryptocurrency Firms Face a Talent Shortage as the Space Grows Crowded

Cryptocurrency companies and exchanges are currently facing significant hurdles when recruiting talent. This is because the crypto space is growing at an alarming rate. Traditional finance companies entering the scene seem to be making the talent squeeze even more dire. There are hundreds of positions available at cryptocurrency-based companies waiting to be filled. The Crypto Talent Squeeze Is Real Cryptocurrency companies are struggling to get adequate talent for thousands of available job openings, and companies are fighting for the attention of potential employees left and right.....

Web3 to inject $1.1T in India's GDP by 2032, following 37x growth since 2020

The explosive Web3 growth in the country is supported by several factors, including a large talent pool, a high adoption rate and product development for global markets. The global Web3 boom is expected to add $1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups, including CoinDCX, Polygon and CoinSwitch. A recent study from the National Association of Software and Service Companies (NASSCOM), an Indian non-governmental trade association and advocacy group, highlighted India’s position as a leading global....

Blockchain Talent Marketplace Blockgeeks Launched in Toronto

Blockgeeks, a talent marketplace and knowledge-sharing platform that is focused on the emerging Blockchain movement, is launched in Toronto, Canada. Blockgeeks is a creation of three successful entrepreneurs, Vlad Martynov, Dmitry Buterin and Ameer Rosic. They see their mission as to enable mainstream businesses and investors to access practical Blockchain expertise. In turn, this will help the business world to benefit from the Blockchain’s remarkable ability to make commerce more secure and efficient. Workflows transformed. Some high-tech companies and large financial institutions are....

FTX collapse could see crypto sector layoffs accelerate

While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.” The fall of crypto exchange FTX and potential resulting contagion could lead to an acceleration of crypto-company layoffs in the coming months, recruitment specialists warn.A Nov. 14 report from crypto data aggregator platform CoinGecko found that as of Nov. 13, the crypto space has seen 4,695 employees let go in 2022 so far, presenting 4% of staff cuts across all “technology startups.” However, the authors of the report warn that crypto layoffs....