Crypto exchange Bitfinex and Tether, issuer of the stablecoin USDT, do not plan to lay off employees despite the unfavorable market situation, The Block has reported.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
Bitfinex COO Claudia Lagorio has said the exchange is continuing to invest in acquiring talent and resources, "in a measured and methodical manner."
She has pointed out:
"We have a range of career opportunities that we are looking to fill and our hiring plans remain intact."
A Tether spokesperson has said the company is also committed to expanding its staff.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
The source has said:
"Tether is profitable and will continue to hire key positions to support the business. We care about our employees and their future – we have not cut staff even in previous crypto winters and we will never do this."
According to Lagorio, Bitfinex and Tether currently have a total of 250 employees.