The Community applauded Ripple’s And Binance’s Announcement of a Job Interview Amid of Bear Market

Brad Garlinghouse stated 2 days ago why Ripple has been surviving despite the bear in the crypto market. He said Despite the bearish in the crypto which has made almost all the crypto firms stop hiring or trying to reduce their employees, Garlinghouse of Ripple says they were able to weather the previous market bear downturns by having experienced executives, focusing on the long-term and operating with transparency.

Ripple CEO said, “The market is likely going to shrink in the near term, but I and many others have every ounce of confidence that crypto will succeed in the future as an integral part of our global financial systems. Slow and steady wins the race,” Brad Garlinghouse added.

Ripple is in a strong position to continue growing

In a recent tweet, Ripple CEO, Garlinghouse has repeatedly said that his company’s financial position is firm enough to continue hiring “hundreds” of new employees around the globe.

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More also, Brad said, We’re in a strong position and continuing to grow. So we’re looking for talent to help us build the next generation of crypto & blockchain solutions.     

Ripple made a very big announcement on Twitter about the big recruitment that will come up soon in Toronto next week.

To an earlier report by the Cryptolifedigital, Brad’s testimony despite the general market action. Although some cryptocurrency firms, such as BlockFi and Gemini, have seriously declined their headcount owing to the general bearish.  On Wednesday, Bloomberg reported that Coinbase employees were caught off guard by the company’s decision to reduce its staff by 18%.

Ripple and Binance announce Job Interview despite Market Bear

As earlier said, Ripple, announce a job interview alongside the announcement Job interview by Binance amid the market bear. According to the announcement made by CZ, Binance CEO, the Binance will be recruiting 2,000 staff, to join the company to continue building opportunities. The CZ observed that the move was made feasible following Binance’s plan to reject the acquisition of the Super owl ads, stadium naming rights, and other sponsorship deals.

CZ’s comment was also hit on Coinbase and Cryptocom which were aggressively busy in advertising while Binance saved its capital for tough times.

“It was not easy saying no to Super Bowl ads, stadium naming rights, and large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open positions for #Binance,” CZ said.

The reverse is the case for other crypto firms, For Coinbase, the San Francisco-based exchange slashed nearly one-fifth of its staff strength, while Crypto.com laid off 5% of its workforce, which represents about 260 employees.

Crypto.com said it would lay off about 260 staff members, about five percent of its total workforce.

The action of Binance was applauded

Binance recruitment has gained a lot of appreciation from people and the CEO of the IOG and co-founder of Cardano, Charles Hoskinson, said in his recent tweet; “Spending money building things instead of on vanity advertising”

More also, John E. Deaton, Founder and Host, CryptoLaw and 67,300 XRP holders, commented on the Binance’s action, he said “Leadership is knowing when to say no (no matter the temptation) and not getting caught up with trying to keep up with the Jones’s”

“The kind of culture you’re looking for”

The statement we have a “no assholes” policy here, was a veiled jab taken by Garlinghouse at the Kraken CEO, Jesse Powell, posted on his official Twitter page.

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Powell stirred controversy after calling his employees “triggered” and reportedly banning them from calling anyone “hateful” or “racist.” The head of one of the top cryptocurrency exchanges was also accused of making misogynistic remarks about women.

The New York Times covered Kraken’s “anti-woke” policy in a recent report, which Powell slammed as “a hit piece.”  Earlier this June, Kraken’s CEO published a 31-page manifesto, in which he called extreme libertarian beliefs “a core component” of the exchange’s culture but on the contrary, Ripple has been aimed at fabricating a culture of diversity and inclusion with its  Employee Resource Groups (ERGs).