Clayton Pullum, an executive at a recruitment firm, stated that during the crypto winter companies have become more strategic when making hiring decisions. With well-known crypto companies like Coinbase announcing layoffs earlier this year, it seemed as if there were no job openings in the blockchain industry.

However, an executive from a recruitment firm specializing in cryptocurrency believes that this is not the case. Clayton Pullum, co-founder, and director of Satoshi Solutions shared insights about the current state of hiring within the crypto space at the recent Blockchain Economy Summit Dubai 2022. According to Pullum, today’s hiring conditions are very different from when he was recruited during the bull market.

The executive explained that during the previous bull runs, companies were desperate for employees and making absurd offers such as $500,000 to $700,000 dollars in salaries. However, the recruitment firm director said that this is no longer the case.

The executive stated that, from what they can tell, hiring managers have been stressing strategy more. In addition to this observation, the unnamed source also mentioned an uptick in diversity regarding the types of roles crypto firms have been seeking out. “We’ve also seen over the last year or two that the diversity in roles has increased dramatically,” said Pullum. He went on to list some examples of these newly-sought positions: marketing specialists, analysts, compliance, and legal employees.

Although the executive Pullum acknowledged advancement in the crypto careers landscape, they also stated that there is still room for improvement- particularly when entry-level positions and internships are concerned. 

According to Pullum, crypto falls behind traditional finance in this area, and believes that lowering the barrier to entry would be a step in the right direction.  Executives like Pullum think that offering more internships within crypto will help welcome new talent into an otherwise difficult industry to crack.