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The prices of cryptocurrencies and the interest in encrypted jobs are highly correlated.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This is the takeaway from the data provided to CNBC by AngelList Talent, a recruitment company that focuses on startups. "data-reactid =" 36 "> This is the take-away of the data provided to CNBC by AngelList Talent, a recruiting company that deals with startups.
The data show that while cryptocurrency prices rose last year, the number of job openings linked to the crypt also increased. But this year the prices of cryptocurrencies have declined, the number of new job openings related to the crypt is steadily declining.
On the AngelList platform, the blockchain industry attracted 40% of the best job seekers last year before starting to go down this year in March. At the moment, only about 20% of the main job seekers listed the blockchain sector among the first three industries they would be most interested in joining.
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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Job website In fact also observed a similar trend with a decrease both in the interest for job search and in the interest of the employer for cryptocurrency and for jobs related to the blockchain, while the prices of cryptocurrency decreased. According to Indeed, the interest for job seekers in positions linked to cryptography was the highest between October 2016 and October 2017: "data-reactid =" 40 "> website of the work In fact also observed a similar trend with a decline both in the interest of job applicants and in the interests of employers in cryptocurrency work related to the blockchain were recorded while the prices of cryptocurrencies decreased, according to Indeed: the interest for those seeking work in encrypted positions were highest between October 2016 and October 2017:
If you look at the data for the previous year, from October 2016 to October 2017, the interest for job applicants for roles related to bitcoin, blockchain and cryptocurrency increased by 481.61%, while the interest of employers for roles related to the same terms increased by 325%.
This is in sharp contrast to the employers' interest in the roles related to encryption, which increased only by 25.49% between October 2017 and October 2018. In the same period, the interest for those seeking work decreased by 3.06%.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In addition to the interest that falls in the jobs encrypted by both job seekers and employers have also started some blockchain startups dismiss employees. Earlier this month, the blockchain development company initiated by Ethereum co-founder Joseph Lubin, ConsenSys, announced that it would undertake a restructuring exercise that would result in the 13% dismissal of the workforce. "Data-reactid =" 46 "> In addition, the decline in interest in encrypted jobs by both job seekers and employers, some blockchain start-ups have also started to lay off employees. This month, the blockchain development company initiated by Ethereum co-founder Joseph Lubin, ConsenSys, announced that it would undertake a restructuring exercise that would result in the dismissal of 13% of the workforce.
This was revealed in a letter sent by Lubin to employees in which he dubbed the company that would exit the "ConsenSys 2.0" restructuring:
As enthusiastic as we at ConsenSys 2.0, our first step in this direction has been difficult: we are rationalizing different parts of the business including ConsenSys Solutions, spokes and hub services, leading to a 13% reduction in the mesh members.
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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The situation is worse in a & quot; media company decentralized social network Steemit where plans are underway lay off 70% of the workforce. The startup cited "the weakness of the cryptocurrency market, the fiat rites on the automatic sale of STEEM in decrease and the rising costs of management of the complete Steem nodes" as the reason for the layoffs. "Data-reactid =" 51 "> The situation is worse for Steemit, a decentralized social media company, where plans are being made to lay off 70% of the workforce, citing" the weakness of the cryptocurrency market, the stock returns from the automatic sale of STEEM decreasing and rising costs of complete management Nodi Steem "as the reason for redundancies.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It's not all doom and gloom, however, like most the world's largest professional networking site, recently revealed LinkedIn blockchain development it had emerged as the biggest growing role of this year. "data-reactid =" 52 "> It's not all bad, however, as the world's largest professional networking site LinkedIn has recently revealed that the development of the blockchain had emerged as the biggest growing role this year.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Images from Shutterstock."data-reactid =" 53 ">Images from Shutterstock.
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