“Layoffs in the crypto market will provide some relief to companies in need of engineers and other technologists,” said one recruiter, but added they’re “a drop in the bucket.”
, also looking for workers, is seeing more applicants coming through the door than it did a year ago, said Yael Cosset, the company’s CIO. It is difficult to say, however, whether that is the result of other companies pulling back on recruiting or Kroger’s own ramped-up efforts in this area, he said.
“There is still a massive shortage of talent,” he said, but added that the company is “making good progress” in recruiting. Coinbase Global on the Nasdaq jumbotron in Times Square last year. This week the company said it would lay off 18% of its staff.Declines in tech stocks and cryptocurrencies have led some tech-heavy employers to cut staff. Besides Coinbase, two other prominent crypto companies, Crypto.com and BlockFi, this week said they would be letting people go.
In May, U.S. employers posted ads for more than 620,000 tech jobs, a roughly 50% increase over the same month in 2021, according to CompTIA. Tim Herbert, the group’s chief researcher, said hiring freezes and layoffs across sectors are being offset by other companies looking to scoop up newly available workers.
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