Coinbase to provide database, visas support to candidates whose jobs were withdrawn

U.S. cryptocurrency exchange Coinbase Global Inc on Thursday said it will extend its hiring freeze for the foreseeable future and cancel some accepted offers in response to macroeconomic conditions. current tissue.

Many people were arrested last week when they received an email from the largest US electronic money People exchange is considered the gateway to a promising career in the cryptocurrency sector.

Providing support and assistance to those affected in the process, the crypto exchange’s head of human resources, LJ Brock said, “As we move beyond the initial logistics of today’s announcement Thursday, we will dedicate Coinbase expertise and resources to assist affected people in this next phase – we call this the Talent Hub. “

Talent Hub, a public database for everyone, will be a talent directory (including companies that invest through Coinbase Ventures) to connect people to other great job opportunities. The company will also provide tailored services from our experienced recruiters such as resume reviews, interview coaching, and referrals to VCs, Brock said in a LinkedIn post. , other crypto companies and search companies.

The situation is even more dire for those employed on work visas, which account for a large pool of talent for tech jobs in the US. Reply, Coinbase“We acknowledge this is a particularly difficult situation for those wishing to enter or remain in the United States on a work-related visa,” Brock said on Twitter. Our team is contacting all applicants with immigration needs and will handle each case individually. “

In addition to the severance packages and job search assistance that the company will provide to all affected, he said it will also provide legal services to all those with related problems. regarding visas.

In early May, the company said it would slow down its hiring rate after the current market downturn, its President and CEO (COO) Emilie Choi announced in a blog post in when sharing updates on the company’s recruitment plan.

Coinbase has grown to 4,948 full-time employees, from about 1,700 just a year ago, according to Bloomberg. But now, its hiring freeze comes after a widespread crypto market decline.

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