Cracking the Top 50: What It Means
LinkedIn recently released its highly anticipated list of the “50 Hottest U.S. Companies to Work For,” fuelled by the enthusiasm of job seekers everywhere, only to throw a cold bucket of water over crypto enthusiasts. Coinbase and Ripple, once titans in the employment rankings, have both seen a nosedive into less illustrious positions—28th and 29th, respectively. In 2018, Ripple was basking in the glory of 7th place, while Coinbase felt the sweet embrace of 3rd. Ah, how the mighty have fallen!
The Cryptocurrency Exodus: Crypto Startups Surprisingly Absent
What’s that old saying? “Out with the old, in with the new”? Well, it appears that 2019 is shaping up to be just that for crypto startups. Not only did Coinbase and Ripple take a hit, but the likes of Gemini Trust Company and ConsenSys have completely vanished from the list. Gemini and ConsenSys, which held 25th and 26th places last year, seem to have been swept away as if they were leftovers at a buffet nobody wanted. It’d make you wonder… what’s going on behind the scenes of the crypto world, right?
Robinhood: The Unicorn That Just Can’t Be Tamed
Amidst the chaotic crypto shake-up, Robinhood remains a steady ship. The startup experienced a minor shift, slipping from 6th to 7th place, but hey, that’s not so bad. Perhaps offering commission-free trading has its perks? Or maybe the cool factor of disrupting traditional finance is still resonating with the audience. Either way, Robinhood is standing tall, while others are left figuring out where it all went wrong.
LinkedIn’s Methodology: What Factors Are at Play?
LinkedIn must have a crystal ball, as they employ a methodology that seems to pull jobs right out of the ether. Their evaluation hinges on four primary pillars: employee growth, jobseeker interest, member engagement, and the ability to attract top-tier talent. It’s a complex algorithm, much like trying to understand a cryptocurrency’s market cap (you have to squint a little). This year’s list also featured Plaid, a company that specializes in fintech applications and serves giants like American Express. Not a bad company to rub shoulders with!
A Bigger Picture: What Does This Portend for the Future?
The landscape of employment in tech is as fickle as the stock market! A study from Kinsta reported that LinkedIn boasts 575 million users, and let’s face it, if nine out of ten of those users aren’t internet memers or cat enthusiasts, they might be jobseekers! With job searches on the platform doubling over the last decade, this trend could lead to further scrutiny on established crypto firms. So will we see a resurgence or permanent decline for companies like Ripple and Coinbase? Only time— and perhaps a spontaneous market rally— will tell!
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