Justin Sun is following Binance’s lead in extending recruiting to help those who have lost their jobs due to the current market conditions.
Those who have lost their jobs might apply for various openings in the TRX ecosystem, according to Justin.
“For those who have lost their jobs over the current extreme market condition, trondao, Poloniex, BitTorrent, usddio, apenftorg, DeFi_JUST, defi_sunio are all actively hiring! We are targeting to hire 50% more.”
Despite the layoffs, Justin Sun continued to follow Binance
Binance appears undeterred by corporate hiring sprees and continues to hire. Crypto companies such as Crypto.com, Gemini, Coinbase, and BlockFi have all announced layoffs and hiring freezes.
Other companies, such as Bitso, Mexico’s largest cryptocurrency exchange, have just let off 10% of their workforce. Buenbit, a cryptocurrency exchange based in Argentina, has laid off 45 percent of its workforce.
Coinbase just revealed that, because to the difficult market conditions and economic volatility, it will lay off 18 percent of its workforce. Almost 1,100 employees were laid off, according to the company’s announcement.
“This “difficult decision” was made “to ensure we stay healthy during this economic downturn.” “We appear to be entering a recession after a 10+ year economic boom.”
In other reports, the TRON DAO reserve was deploying a total of $2 billion to protect the USDD peg. Justin also announced today that he was putting another 500 million USDC to the reserve. To combat the exceedingly challenging market conditions, the TRON DAO Reserve team stated that USDD is now collateralized by 310 percent. The extra effort is being made to guarantee that the USDD does not end up like the UST.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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