An executive in a crypto-centric recruitment entity shared a belief that layoffs from crypto firms in 2022 due to bearish market movements does not mean blockchain opportunities has become bleak.

Specifically, during the recently held Blockchain Economy Summit Dubai 2022, Clayton Pullum, co-founder and director of Satoshi Solutions, reportedly shed some lights into the existing state of hiring throughout the crypto sphere.

Per Pullum, the hiring scene nowadays shows major difference compared to the recruitment conditions when the bull are still dominating the market. 

The executive described the previous bull runs as a time when firms were “hiring like crazy”, with salary offers to engineers reaching up to from $500,000 to $700,000. 

Nonetheless, the recruitment firm director claimed that this is not the case anymore, with insights from his firm suggesting that hiring managers have shifted focus more towards strategy.

“Those who were more secure in their funding had a more strategic plan in place. That doesn’t mean hiring stops. It’s just become more sensible. […] They’ve slowed it down a little bit. And, to be honest, I think it’s really positive going forward.”

Besides this, the executive further saw a rise in diversity regarding the positions crypto entities looking talents for. He said that the roles went from just developers to including marketing specialists, analysts, compliance and legal staff.

“We’ve also seen over the last year two years that the diversity in the roles has dramatically increased,” said Pullum. 

Regardless of the progress in the careers landscape of crypto, the executive also stated room for improvement is still big. Pullum referred to the occurrences when it comes to internship offerings and entry-level positions, the crypto space still trails behind compared to other sectors such as traditional finance.