In the midst of a market slump, cryptocurrency exchange Kraken said on June 15 that it will continue to employ over 500 people in several divisions.
The company’s recruiting efforts contrast sharply with a week of significant layoff announcements from big blockchain businesses such as Coinbase, BlockFi, and others.
However, Jesse Powell, Kraken’s CEO, made negative statements about a tiny percentage of Kraken workers, believed to be 20 out of 3,200.
Powell explained that the aforementioned employees possessed great talent but were not a good fit for the company because they were accused of focusing on “minor sights” and “first world problems”. “Most folks don’t care and simply want to work,” Powell remarked in response to the different social issues addressed by the aforementioned fraction of workers.
Powell took the decision to shutter Kraken’s San Francisco offices in April, claiming excessive criminality in the neighbourhood and especially blaming the city’s District Attorney Chesa Boudin.
