Crypto companies are still hiring, but you might not find a job posting about it

by · October 28, 2022

Crypto companies are still hiring, but may not be actively recruiting amid the market downturn. If you’re considering joining the space, this is still a good time to get your foot in the door, industry sources told Cointelegraph.

“While there may not be as many open roles advertised as there were last year, companies are definitely still hiring. Our clients continue to come to us for help finding top talent for key hires,” noted Tyler Feinerman, Global Head of Talent for Wachsman .

According to data from LinkedIn, over 7,200 positions were listed in October in the US. Also, the number of monthly jobs posted on the blockchain job site Crypto Jobs List in September is back to the same level as a year ago.

The limited pool of talent remains a challenge for area businesses, Feinerman said, even with the wave of layoffs that cut more than 11,000 positions in the past six months.

“People in the industry are wearing many hats now,” explained Emily Landon, founder and CEO of The Crypto Recruiters, as more companies have slowed their hiring process in recent months. The opportunities are still there, she said, but the bear market affected the crypto and Web3 sectors in different ways. Regular job postings are less likely to be found, meaning candidates must actively network to land a position.

Joining Discord and Telegram channels, along with crypto meetups to engage with community members, remain key strategies for those seeking to work in the crypto space. “I really encourage people interested in working in the Web3 space to attend local meetings. Tons of cities have crypto meetups that anyone can attend, and they’re great opportunities to network and meet people who are already in the industry,” Feinerman said.

Amid the crypto winter, companies are also reassessing their hiring priorities, with more positions available for product development roles rather than marketing and sales. “Companies are shifting hiring plans to focus more on developer and product roles and building,” commented Wachsman’s chief talent officer.

As previously reported by Cointelegraph, to keep up with the demand for professionals in the coming years, colleges and universities have begun offering specialized courses to help students better understand the blockchain ecosystem, with programs at the University of California, Berkeley and the University of Wyoming among the entities targeting the workforce of the future.