Ripple Says That It's in Strong Position to Continue Growing
Ripple CEO Brad Garlinghouse has confirmed that the company will continue hiring new employees despite market woes
In a recent tweet, Ripple CEO Brad Garlinghouse has reiterated that his company’s financial position is strong enough to continue “hundreds” of new employees around the globe.
As reported by U.Today, Garlinghouse said that he was bullish on crypto in the long-term in spite of the severe market correction.
The Ripple boss said that his company had managed to secure a “significant” cash balance, which will make it possible to keep expanding its staff even during the current bear market.
Meanwhile, some cryptocurrency companies, such as BlockFi and Gemini, have dramatically reduced their headcount due to the market downturn. On Wednesday, Bloomberg reported that Coinbase employees were caught off guard by the company’s decision to reduce its staff by 18%.
In a recent tweet, Ripple CEO Brad Garlinghouse has reiterated that his company’s financial position is strong enough to continue “hundreds” of new employees around the globe.
As reported by U.Today, Garlinghouse said that he was bullish on crypto in the long-term in spite of the severe market correction.
The Ripple boss said that his company had managed to secure a “significant” cash balance, which will make it possible to keep expanding its staff even during the current bear market.
Meanwhile, some cryptocurrency companies, such as BlockFi and Gemini, have dramatically reduced their headcount due to the market downturn. On Wednesday, Bloomberg reported that Coinbase employees were caught off guard by the company’s decision to reduce its staff by 18%.
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