Everstake’s Hiring Spree During Turmoil
Sergey Vasylchuk, the forward-thinking CEO of Everstake, is making waves in the crypto industry by flipping the script during challenging times. Despite a significant downturn in the market and the ongoing conflicts in Ukraine, Everstake has hired an impressive 30 new professionals since the war began in February. What’s more? They’re still on the lookout for over 10 more talents in marketing and development!
Staying Strong: No Layoffs at Everstake
In a bold move that sends ripples of optimism through a market saturated with layoffs, Vasylchuk has made it clear: “We’re not firing anybody.” Instead of shrinking, Everstake is preparing for the storm with a special fund designed to keep the company afloat when the market fishes dive down. Can I hear a round of applause for business risk management?
Planning for Uncertainty: Lessons in Risk Management
Vasylchuk emphasized the importance of assessing and addressing potential risks in a market that seems to love giving surprises. “You gotta expect things to go south,” he said while hinting at the preparations made before Russian forces entered Ukraine. This foresight allowed Everstake not just to survive but to reposition itself as a beacon of stability during these chaotic times, even if some predictions, like the Terra crash, were a bit off.
Crypto Climate: A Tale of Two Companies
While Everstake is thriving, many of its crypto counterparts worldwide are facing the tough decision of downsizing. Companies like Coinbase, Gemini, and Crypto.com are trimming their teams, with layoffs hitting 5-20%. Meanwhile, Kraken is taking the opposite approach and is gearing up to hire over 500 new roles. Talk about a mixed bag, huh?
Everstake’s Contributions in the Midst of Conflict
In addition to its hiring prowess, Everstake has become a key player in humanitarian efforts. Teaming up with local government, they launched a cryptocurrency donation platform focused on military and humanitarian aid. Through this initiative, they’ve successfully processed over $100 million in donations. Now that’s what I call turning a crisis into an opportunity!
Final Thoughts
Everstake’s journey through turbulent waters showcases resilience, prudent planning, and a commitment to its workforce. As other firms buckle under pressure, Everstake stands tall, reminding us that sometimes, the best strategy is to keep the doors wide open, even when the winds are howling.
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