In the past 12 hours, three stories have hit the crypto market, each impacting the market. The stories include Amazon posting a job for Web3, Kraken shutting down its Abu Dhabi office, and Bittrex announcing layoffs. If you are a crypto investor, you need to know about all of these because they may impact you in one way or another.
Amazon posts a Web3 job
Suppose you are passionate about blockchain and the future of Web3, and you have experience in business development, strategic partnerships, or program or product management. In that case, Amazon Web Services has an excellent opportunity for you. AWS is looking for an individual to join the Web3 Go-To-Market (GTM) team. The person will need to help drive the adoption of Web3 workloads on AWS,
The ideal applicant will be well-versed in Web3 and blockchain-based architectures, have worked with cloud-native workloads, have excellent communication skills, and be able to collaborate well with external and internal teams.
If selected for the GTM team, you will need to work closely with customers and partners to understand their requirements and use cases, identify new workload patterns and use cases, create scalable GTM solutions, and promote best practices for delivering Web3 workloads on AWS.
Who can join the team?
It would be best if you had a technical or business degree, six or more years of business development experience, and knowledge of blockchain- and Web3-based workloads to succeed in this position. As an equal opportunity employer, Amazon does not discriminate based on age, race, national origin, gender, handicap, protected veteran status, sexual orientation, or any other legally protected status.
How much will they pay?
This is a rare chance to collaborate with some of the top global authorities in a high-performing team in business development, GTM, product and engineering, and solutions architecture. Depending on the industry and experience, this position can earn between $118,400 and $220,200 per year.
Kraken shuts down its Abu Dhabi office
In the latest news, one of the top cryptocurrency exchanges, Kraken, has announced the closure of its Abu Dhabi office. This action is a component of the company’s bigger retrenchment plan, which calls for cutting approximately a third of its global employees. The layoffs mainly impacted eight posts on the team responsible for the Middle East and North Africa region.
The decision was taken because the crypto industry is facing challenging times, and many exchanges are seeing a drop in profits. The closure is part of Kraken’s effort to cut costs and focus on other regions; however, Kraken’s CEO, Benjamin Ampen, will remain with the company despite the closure of its Abu Dhabi office.
Bittrex Layoffs: 83 Employees Affected
Bittrex is one of the top Washington-based exchanges that has laid off 83 employees due to market conditions. These employees reside in various locations and were informed via a notice. According to LinkedIn, Bittrex, established in 2014, has close to 300 employees. The U.S. Treasury Department fined the firm $29 million in October for allegedly allowing users from sanctioned areas to use its platform and failing to comply with anti-money laundering regulations. The corporation facilitates the buying and selling of cryptocurrencies.
The layoffs at Bittrex reflect the state of the cryptocurrency economy, which is currently struggling with market circumstances and regulatory problems. As a result, the affected employees and the larger community will be interested in seeing what the corporation does next.
Final thoughts
The recent failure of the digital asset exchange FTX and the sharp drop in the price of Bitcoin, Ethereum, and other cryptocurrencies during the previous year have affected the larger cryptocurrency business. Other significant exchanges, including Coinbase, were also impacted and had to lay off 20% of their staff last month.
