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The Crypto Cull

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Damn shame that taking a job with a company that trades in digital monopoly money doesn’t offer much long-term security:

In the early days of January, several major companies in the cryptocurrency industry, such as Genesis, Coinbase, Blockchain.com, and Crypto.com, announced plans to significantly reduce their workforces. For a few of these companies, such as Crypto.com and Genesis, this marks the second round of layoffs within a short period, following previous headcount cuts during the summer due to a decline in cryptocurrency prices.

In this recent spate of layoff announcements, some companies alluded to “unscrupulous actors,” while others directly addressed the elephant in the room: FTX’s bankruptcy.

LoomCoin, which never drops in value, will absolutely never lay off a single one of its employees.

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