In recent years, we had become accustomed to seeing crypto platforms hire when the market rises and lay off when it falls. Last week, we thought it was happening again with the first announcements from Gemini or Crypto.com. But no! This is not true for everyone. The latter have moreover been gently chambrayed by Changpeng Zhao which continues to hire, despite the bear market. Kraken is also hiring. The California-based company is looking for employees, but not just any employees. Thanks to the “wokes” to abstain! They are not welcome at Kraken. Psychodrama in San Francisco!
Binance and Kraken take the crypto market by storm
Some major cryptocurrency platforms are feeling the full brunt of the market’s fall and are having to lay off staff. Crypto.com and Gemini are affected, but so is Coinbase, which is suspending hiring and having to scale back its plans. Is it a change of strategy or a bad anticipation of events? The timing is not right for the companies concerned.
At the same time, other exchanges appear to be better equipped to deal with a significant drop in revenues. Kraken and Binance are proudly announcing that they are continuing their recruitment policy.
“We have more than 2,000 vacancies in our roster. In Europe, Asia, South America, Africa and the Middle East, we will continue to grow our team as planned. We even see this time as an opportunity to access some of the best talent in the industry.”Jesse Powell, CEO of Kraken
Jesse Powell is in conflict with about 20 employees at his company who he refers to as “wokists.” Advocacy for minorities, equality and non-binarity, for Kraken’s CEO none of that has any place in a company. For him, it is crypto and business first!
Jesse Powell at war with his employees who are a little too “Wokes”.
So what’s going on at Kraken? Aside from the fact that he’s looking for 500 new employees, Jesse Powell recently expressed his exasperation with certain behaviors at the company on the company blog. He vehemently denounces a small part of his staff that does not have the right “mentality”, the right “spirit”.
Not corporate enough, these 20 employees (out of 3,200) pose a problem for him. They would defend “rearguard” battles, which “most people don’t care about”.
Powell goes on to explain that most of his employees “just want to work” and do not want to politicize their presence at work. Defense of African-American minorities, women’s rights, gender non-binarity: all these “wokist” debates have “no place in the company”. He even invites them to leave the company with a severance package.
Kraken’s CEO bitterly admits that in bull markets, tensions tend to disappear. But lately, the stress of a bear market has accentuated the disputes. So, so-called “wokist” activists, move on or mute your political and social sensibilities! Here, we want workers who think “crypto first” and “business second”. You have been warned.