Who’s Firing—And Still Hiring—During the Bitcoin Bear Market

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Some crypto companies are feeling the crunch of a market crash and reducing their employee headcount to cope—but others are still expanding and securing fresh talent. Here's who's hiring and firing in crypto right now.Cryptocurrencies and the stock market have been hammered by deteriorating economic conditions so far this year, between a recession potentially looming, sky-high inflation and a Federal Reserve that’s poised to further cool down the economy by raising interest rates.

The worsening outlook towards the economy has led companies to cut back on hiring or shrink operations in an attempt to better manage costs and protect profits. In early June, Tesla CEO Elon Musk said he has a “super bad feeling” about the economy in an email to company executives and stated 10% of salaried employees at the company would need to lose their jobs, according to reporting from Reuters.more information