Goldman Sachs is still open to crypto hires amid a massive 3200 staff cut: Goldman Sachs’ digital assets unit is reportedly open to bolstering its 70-strong team, despite a massive cost-cutting exercise at the firm last month that will see 3,200 employees clear their desks.
![Goldman Sachs to beef up its crypto team despite massive layoffs globally](https://cryptocurrencymix.com/wp-content/uploads/2023/03/5-1024x538.jpeg)
Goldman Sachs is still open to crypto hires amid a massive 3200 staff cut
Goldman Sachs is still open to crypto hires amid a massive 3200 staff cut: Mathew McDermott, global head of digital assets for Goldman Sachs, said the bank remains “hugely supportive” of exploring blockchain applications and that the digital asset division will hire “as appropriate” this year.
Goldman Sachs is still open to crypto hires amid a massive 3200 staff cut: The executive made the comments in Hong Kong to Bloomberg last week, noting that the digital assets team has grown from just four staff members in 2020 to around 70 today. The firm’s supposed openness to beef up its crypto team comes despite the firm cutting up to 3,200 jobs last month, its largest round of layoffs since the global financial crisis of 2008-2009.
Check Also: Cryptocurrency How To Buy, Sell, And Store In [year]
Check Also: Bitcoin for Beginners Origin, Pros, And Cons In [year]
Goldman Sachs is still open to crypto hires amid a massive 3200 staff cut: The cuts have reportedly impacted senior, middle, and junior-level executives and concentrated on its core trading and banking units, according to a person with knowledge of the matter. In a presentation during Goldman Sachs’ 2023 Investor Day in New York, CFO Denis Coleman reportedly said part of the payroll cuts will also involve holding off on replacing departing employees this year, so it can instead focus on “prioritizing strategic hires.”
Goldman Sachs is still open to crypto hires amid a massive 3200 staff cut: In December, McDermott said the firm was seeing opportunities to buy crypto companies that are “priced more sensibly” after the collapse of crypto exchange FTX, adding that they are already doing its due diligence on some crypto firms. He noted that while FTX was a “poster child” of the space, ultimately, the underlying tech behind the industry “continues to perform.”
Quick Summary On Goldman Sachs is still open to crypto hires amid a massive 3200 staff cut
- Goldman Sachs’ digital asset lead Mathew McDermott said the bank remains “hugely positive” on exploring blockchain applications.
- He noted that while FTX was a “poster child” of the space, ultimately, the underlying tech behind the industry “continues to perform.
- Remember $GS IPO’d at 4XBook is now worth 4 times LESS pic. Twitter.
Check Also: Vitalik Buterin Net Worth The Man Behind Crypto Bio In [year]
Check Also: 7 Industries Adopting The Blockchain Digital Business