Monday, December 5, 2022
 

Polygon Plans To Increase Workforce by 40%, Says Company HR

  • The head of human resources at Polygon stated in an interview that the company plans to add 200 web3 talents to its workforce.
  • Polygon views the crypto bear market as a chance to hire, as developers on web3 projects remain hard to come by.
  • The Binance careers page features openings for nearly 700 web3 positions.

While the bearishness of the crypto market appeared to be at its height, forcing crypto firms to cut costs, some blockchain businesses, on the other hand, are entering a hiring spree.

On Thursday, the head of human resources at Polygon, Bhumika Srivastava, stated in an interview with Bloomberg that the company plans to add 200 workers to teams that report from distant locations worldwide.

Srivastava claims that Polygon views the crypto bear market as a once-in-a-lifetime chance to hire, as developers on web3 projects “remain hard to come by, demanding high salaries.”

She also says:

Overall tech talent is difficult to hire even if it is a Web2 organization… It is difficult to hire the quality talent you want, especially as Web3 skills is something that’s still getting built.

In particular, a few new hires will join the ranks of about 500 full-time workers, while others will work on contracted initiatives associated with the larger Polygon ecosystem.

According to the Bloomberg report, the blockchain firm went on to lure 30 developers from One Planet, an NFT launchpad that moved to Polygon after the Terra LUNA implosion. Srivastava also notes the business is negotiating with Terra to transfer 60 distinct projects to its ecosystem.

Significant players in the industry, including Binance, FTX, Kraken, Ripple, Circle, the USDC issuer, and more blockchain firms, are also trying to grow their respective teams. Binance careers page, for instance, features openings to nearly 700 web3 positions.

A recent survey by crypto exchange KuCoin concluded that:

Web3 employment is flexible, where full-time jobs only take up a relatively small portion of the job market. Only 24% of surveyed Web3 professionals have worked full-time in the industry.

  • The head of human resources at Polygon stated in an interview that the company plans to add 200 web3 talents to its workforce.
  • Polygon views the crypto bear market as a chance to hire, as developers on web3 projects remain hard to come by.
  • The Binance careers page features openings for nearly 700 web3 positions.

While the bearishness of the crypto market appeared to be at its height, forcing crypto firms to cut costs, some blockchain businesses, on the other hand, are entering a hiring spree.

On Thursday, the head of human resources at Polygon, Bhumika Srivastava, stated in an interview with Bloomberg that the company plans to add 200 workers to teams that report from distant locations worldwide.

Srivastava claims that Polygon views the crypto bear market as a once-in-a-lifetime chance to hire, as developers on web3 projects “remain hard to come by, demanding high salaries.”

She also says:

Overall tech talent is difficult to hire even if it is a Web2 organization… It is difficult to hire the quality talent you want, especially as Web3 skills is something that’s still getting built.

In particular, a few new hires will join the ranks of about 500 full-time workers, while others will work on contracted initiatives associated with the larger Polygon ecosystem.

According to the Bloomberg report, the blockchain firm went on to lure 30 developers from One Planet, an NFT launchpad that moved to Polygon after the Terra LUNA implosion. Srivastava also notes the business is negotiating with Terra to transfer 60 distinct projects to its ecosystem.

Significant players in the industry, including Binance, FTX, Kraken, Ripple, Circle, the USDC issuer, and more blockchain firms, are also trying to grow their respective teams. Binance careers page, for instance, features openings to nearly 700 web3 positions.

A recent survey by crypto exchange KuCoin concluded that:

Web3 employment is flexible, where full-time jobs only take up a relatively small portion of the job market. Only 24% of surveyed Web3 professionals have worked full-time in the industry.

 

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