Amid the extremely volatile market conditions, Sergey Vasylchuk, the CEO of Ukraine-based decentralized staking provider Everstake, has said the company will continue to hire crypto professionals.
In a lengthy Twitter thread, the CEO explained that he had the foresight to prepare for the ongoing war in Ukraine as well as the bear market.
He said, “An important part of doing business is assessing and addressing all potential risks.”
He feels that the crypto bear market was inevitable and that everyone should have expected it.
He then points out the fact that Everstake was prepared for such a situation and had put aside “a special fund created to let us live through a bear market.”
Although the Terra UST incident did set them back a little, Everstake was ready for a bear run.
Unlike other companies, they haven’t fired anybody and are not going to either.
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Infact, the company has hired 30 people since Russia waged war on Ukraine and Everstake still has more than 10 positions in marketing and development to fill.
The CEO ends the thread saying, “Only the best teams with real-life products that serve real-life purposes will survive.”
“And the entire crypto market will be better off when the tides change again.”
Another company, which is expanding its workforce instead of winnowing down in this bear run, is Binance. The company has announced that it is hiring for almost 2000 roles from engineers, product, marketing to business development.
