Kraken exchange is hiring new staff as other companies lay off staff ByAli RazaPRO INVESTOR Updated: 16 June 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Kraken, one of the world’s largest cryptocurrency exchanges, is planning to fill more than 500 positions in different departments amid the market turmoil. The hiring of new staff by the exchange is different from the approach being taken by other companies. Kraken hires over 500 positions The recent market downturn has forced several cryptocurrency-based firms to lay off staff because of the outflowing liquidity. Some firms firing their employees include BlockFi, Coinbase, and CryptoCom. Kraken, one of the leading exchanges, has announced it will support the move to add new employees. “We have not adjusted our hiring plan, and we do not intend to make any layoffs. We have over 500 roles to fill during the remainder of the year and believe bear markets are fantastic at weeding out the applicants chasing hype from the true believers in our mission,” the announcement added. Buy Bitcoin Now Your capital is at risk. The CEO of Kraken, Jesse Powell, has also expressed his criticism over a small group of employees on the exchange. This group comprises around 20 out of the 3200 people working for the company. “I think we’ve developed some really thoughtful policies that might not appease work activists but work for the other 99% of the world,” Powell added. He also said the employees under criticism were not a good fit for the company. These employees were involved in “minor sights” and “first world problems.” The employees focused on insignificant issues instead of helping the company achieve its mission of promoting financial inclusion to the global population. “Most people don’t care and just want to work,” he added. He also solved some of the social challenges raised by these employees. Kraken as a leading exchange Powell is vocal personnel in the cryptocurrency sector. Because of his efforts, Kraken has become one of the frankest exchanges in the space regarding everyday operations. In April, Powell decided to shut down the exchange’s headquarters in San Francisco. The exchange said that the decision was prompted by increased crime in the area. The exchange said that Chesa Boudin, the City’s District Attorney, was responsible for closing the exchange’s operations. Kraken’s remarks are nearly similar to those made by Binance, the world’s largest exchange by trading volumes. Binance said it has 2000 open roles to fill during the current bear market. The exchange’s CEO, Changpeng Zhao, said it can hire new personnel because it minimizes advertising spending. Read more: How to buy Cryptocurrencies How to buy Bitcoin Lucky Block - Our Recommended Crypto of 2022 Our Rating New Crypto Games Platform Featured in Forbes, Nasdaq.com, Yahoo Finance LBLOCK Token Up 1000%+ From Presale Listed on Pancakeswap, LBank Free Tickets to Jackpot Prize Draws for Holders Passive Income Rewards - Play to Earn Utility 10,000 NFTs Minted in 2022 - Now on NFTLaunchpad.com $1 Million NFT Jackpot in May 2022 Worldwide Decentralized Competitions Visit Site Join Our Telegram channel to stay up to date on breaking news coverage