Crypto recruitment execs reveal the safest jobs amid layoff season

17 Jan, 2023

By Ciaran Lyons

The crypto industry has already seen more than 1,600 layoffs across the industry in the first two weeks of January.

Despite a wave of heavy crypto layoffs to start the new year, employees in technical and engineering roles, as well as senior management, will likely continue to see “strong demand” for their skills, recruitment professionals believe.

It’s been a tough first few weeks of 2023 for crypto businesses and their staff. Within just two weeks, the market has already seen more than 1,600 crypto-related job cuts as a result of continued market volatility and uncertainty. 

However, not all departments have seen the same level of cuts. 

SAFU: Senior-level tech and engineering

Rob Paone, founder and CEO of crypto recruitment firm Proof of Talent, told Cointelegraph that technical and engineering roles are by a “wide margin” the most in-demand jobs, even during bear markets.

He said his firm is still seeing “strong demand” for these functions, adding that these salaries are still “very competitive” despite “bidding war type scenarios” no longer being the case for these employees.

Johncy Agregado, director of crypto recruitment firm CapMan Consulting, said that it’s common for mid-level roles to be trimmed during a bear market, but said that senior functions tend to “double or triple” during a bear market.

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