Crypto job postings on LinkedIn fell 57% year-on-year in December 2023

According to statistics, the number of cryptocurrency job postings on LinkedIn fell 57% year-on-year in December 2023, while it fell 71% year-on-year in November. Daniel Adler, founder of CryptocurrencyJobs.co, a recruitment website that posts jobs for a fee, said that December is one of the best months for revenue in 2023. Layoffs have been widespread for much of 2023, with exchanges like Gemini Trust and Binance.US forced to lay off employees as regulatory crackdowns and months of low trading volumes hit revenue. The amount of VC investment has dropped significantly, and many start-ups have laid off employees or not hired new employees due to lack of funds. However, as cryptocurrency prices rise over the long term, it often prompts startups to secure more funding and increase hiring in the future. Bitcoin prices have more than doubled in the last year. "Some teams may have added new positions, but I also think those teams may be using their recruiting budgets with things like pre-purchasing job packages," Adler said. "There seems to be more optimism in this area. I think in the next few weeks Things will become clearer here." Coinbase, the largest crypto exchange in the United States, has listed more than 70 job openings on its website, and Gemini has 60 job openings listed. (Bloomberg)