Polygon, a blockchain network, has set a goal for 2022 of nearly doubling the number of people working for it, which would represent an increase of nearly forty percent. The platform is of the view that the bear market of the crypto industry is a rare opportunity to hire more employees. The venue makes transfers on the blockchain of Ethereum effectively and the latest move taken by it is focused on capitalizing on the afflictions of the rest of the firms within the crypto space.
Polygon Contemplates Recruiting More Employees in Crypto Decline
The foundation of the Polygon was laid in India and it is based in Dubai. As per the plan of the company, it intends to add approximately two hundred people to the groups thereof which work from remote areas across the globe, as stated by Bhumika Srivastava (the head of human resources on Polygon) in her interview. A few of the unique employed people will be a part of almost five hundred full-time workers.
However, the rest of them will be placed on the seats of contractors with their focus on operating on the programs dealing with the broader ecosystem of Polygon. To oversee Polygon’s collaborations, the firm is endeavoring to appoint staff, engineers, as well as managers. The crash that was seen in the digital asset market this year has paved the way for a change in the available options. This is because several platforms whose business models are based on rising prices and a desire for speculation have collapsed.
Nonetheless, the others – reinforced by the wealth collected before the turmoil – keep on growing. Polygon is of the view that in the ongoing bear market it has a fine opportunity to incorporate more hiring, as mentioned by Srivastava. Nevertheless, it is not convenient in her words, as the developers related to the Web3-based programs do not normally accept the proposal due to the demand for high salaries.
Expert Tech Employees Get Hard to Find
She continued by stating that even web 2-based institutions are unable to convince general tech talent to become a part of their organization. According to her, the use of a moniker for businesses that are associated with the current generation of facilities related to the internet is appropriate. Srivastava mentioned that they consider it quite difficult to appoint excellent talent, particularly as the expertise related to the Web3 world is even now developing.
The crash of the prices of cryptocurrency, which started in the latter part of 2021 and reached its peak in May as well as June of this year, resulted in several failures and defaults of the companies across the industry. The firms taking into account BlockFi, Gemini Trust Co., Crypto.com., Bitpanda, and Coinbase Global Inc. have cut off their workers during some of the previous months.
Recently, a report published by LinkedIn and OKX (a crypto exchange) bought to the front an inequality between the demand and supply of talent throughout the blockchain space, with a lot of difficulty in recruiting skilled employees.
