Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn

cointelegraph.com:

Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment.

Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released from their responsibilities. Some expressed frustration, confusion, and anger while others expressed gratitude, renewed vision, and reflections.

My heart is with those recently laid off. I too have been one of the lucky ones to be spared by massive layoffs on days where friends have been let go. This privileged situation has its own anxiety, displacement and upheaval. Sorry you're going through this moment.

As recently laid-off talent takes to social media to let the world know, multiple companies have stood up to offer job interviews to those in distress.

Binance has been vocal across social media, offering two thousand jobs to replace the thousands that were recently dissolved. The company's CEO and President Changpeng Zhao, or CZ, provided additional support to the freshly made available talent pool.

It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did.Today, we are hiring for 2000 open positions for #Binance. pic.twitter.com/n24nrUik8O

CZ went on to say, “While lots of projects and exchanges are going to struggle through the bear market, many will come back stronger than before. Those that fail honestly, will start new projects and bring critical learnings from this experience. This is how an industry grow.”

Ripple (XRP) also offered opportunities via a tweet sent from their CEO, Brad Garlinghouse.

Ripple is hiring for hundreds of roles