Tether to Double Workforce Amid Recession Fears and Crypto Layoff Reversals
- Tether plans to increase its workforce to 200 employees by mid-2025, doubling its current headcount.
- Despite fears of a U.S. recession, Tether reported a record-breaking $5.2 billion profit in the first half of 2024.
- Other crypto companies like Coinbase, Binance, and Crypto.com are also actively hiring, suggesting a reversal in crypto layoffs.
One standout insight is Tether CEO Paolo Ardoino’s commitment to hiring only senior, highly skilled individuals, emphasizing a lean and flexible workforce strategy that contrasts sharply with Silicon Valley’s hire-and-fire approach.
As Tether and other crypto firms expand their teams, the broader industry may see renewed growth and stability, potentially cushioning against economic downturns and enhancing overall market resilience.
