Ripple CEO Brad Garlinghouse has confirmed that the company will continue to hire new employees despite the market woes
one in Recent TweetRipple CEO Brad Garlinghouse has reiterated that his company’s financial position is strong enough to continue hiring “hundreds” of new employees around the world.
As U.Today reports, Garlinghouse said he is bullish on crypto in the long term despite a serious market correction.
The Ripple boss said that his company has managed to secure a “significant” cash balance, which will make it possible to expand its workforce even during the current bear market.
Meanwhile, some cryptocurrency companies, such as BlockFi and Gemini, have dramatically reduced their workforce due to the market crash. On Wednesday, Bloomberg reported that Coinbase employees were caught off guard by the company’s decision to cut its workforce by 18%.
“the kind of culture you’re looking for”
Garlinghouse also took a jibe at Kraken CEO Jesse Powell in his tweet, saying that his company has a “no idiots” policy.
Powell sparked controversy after calling his employees “triggers” and reportedly banned from calling them “hateful” or “racist.” The head of one of the top cryptocurrency exchanges was also accused of making false comments about women.A recent report by The New York Times covered Kraken’s “anti-voke” policy, which Powell slammed as “a hit piece”.
Earlier this June, Powell published a 31-page manifesto in which he called extreme liberal beliefs “a core component” of the exchange’s culture.
Ripple, on the other hand, with its Employee Resource Groups (ERGs) is focused on creating a culture of diversity and inclusion.