How the crypto hiring landscape is responding to industry layoffs

Episode 119 of Season 4 of The Scoop was recorded live with The Block's Frank Chaparro, and Rob Paone, Founder and CEO of Proof of Talent.

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As the crypto market struggles to gain its footing in the wake of FTX’s demise, sweeping layoffs have thinned the ranks of many companies.

In this episode of The Scoop, Rob Paone, founder and CEO of crypto recruiting firm Proof of Talent, shares his perspective on how the crypto hiring landscape has changed during the bear market.

According to Paone, the current dynamic between job seekers and prospective employers is much more balanced than it was last year:

“It's not 100% a company market right now… but it is a lot more equal than six to twelve months ago — it was a totally candidate-driven market of individuals naming their price and going wherever they wanted with multiple offers.”

Paone says that candidates with technical skills should still be able to find plenty of opportunities: 

“The easiest transition for a lot of people is technical roles — there is a huge demand still for engineering talent…the non-technical roles can get a little bit more challenging.”

During this episode Chaparro and Paone also discuss:

  • Advice for people looking for their first job in crypto
  • How to negotiate compensation packages involving tokens
  • The correlation between crypto companies and remote work

This episode is brought to you by our sponsors Tron, Ledn

About Tron
Founded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets. Since its establishment, Huobi Global has committed to providing first-class virtual asset investment services. Huobi Global's robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives. Please refer to Huobi's official website for more information: huobi.com.

About Ledn
Ledn was founded on the unshakeable conviction that digital assets have the power to democratize access to the global economy. We help you to experience the real life benefits of your Bitcoin without having to sell it. Start a savings account, take out a loan, or double your Bitcoin. For more information visit Ledn.io


© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Authors

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.
Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

Editor

To contact the editor of this story:
Michael McSweeney at
[email protected]