2023 has come with a difficult start for crypto businesses and their staff, with over 1,600 crypto-related job cuts in just the first two weeks of 2023
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Even if the crypto market is experiencing a wave of job cuts to start the new year, recruitment professionals believe that people in engineering and technical roles, as well as senior management, will continue to see strong demand for their skills.
2023 has come with a difficult start for crypto businesses and their staff, with over 1,600 crypto-related job cuts in just the first two weeks of 2023 due to continued market volatility and uncertainty.
However, not all departments have been affected equally. Johncy Agregado, the director of a crypto recruitment firm called CapMan Consulting, stated that it is typical for mid-level roles to be cut during a bear market but that senior roles tend to increase during these times.
According to Rob Paone, the CEO of a crypto recruitment company called Proof of Talent, technical and engineering roles are still in high demand, even during bear markets.
Paone stated that his company is still seeing a lot of demand for these functions and that the salaries for these roles are still very competitive, despite the consequences of an impending recession.