.Ripple has organized a big recruiting event in Toronto
has reiterated that his company’s financial position is strong enough to continue “hundreds” of new employees around the globe. , Garlinghouse said that he was bullish on crypto in the long-term in spite of the severe market correction.
The Ripple boss said that his company had managed to secure a “significant” cash balance, which will make it possible to keep expanding its staff even during the current bear market. Meanwhile, some cryptocurrency companies, such as BlockFi and Gemini, have dramatically reduced their headcount due to the market downturn. On Wednesday, Bloomberg reported that Coinbase employees were caught off guard by the company’s decision to reduce its staff by 18%.Garlinghouse also seemingly took a veiled jab at Kraken CEO Jesse Powell in his tweet by highlighting that his company has a “no assholes” policy.
Powell stirred controversy after calling his employees “triggered” and reportedly banning them from calling anyone “hateful” or “racist.” The head of one of the top cryptocurrency exchanges was also accused of making misogynistic remarks about women.
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