- Previously, the company laid off more than 3 thousand people, including from the banking and investment divisions.
- At the same time, the staff of the crypto department grew from 4 to 70 people in three years.
- The bank is still interested in Web 3 and cryptocurrencies
In early January, Goldman Sachs announced that it would cut its staff by 3,000 people. The layoffs swept across the company, but the wave hit the investment division the hardest.
And now, after a month and a half, information appeared that the company is still looking for employees for the cryptocurrency products department. This is reported Bloomberg citing global head of department Matthew McDermott.
According to him, the company is “extremely positive” in relation to the blockchain industry and is ready to replenish the team as needed. Previously, Goldman Sachs called BTC “the best asset of 2023”.
In 2020, the crypto arm of Goldman Sachs consisted of just four people. Now the staff of the department has grown to 70 employees. At the same time, the wave of layoffs practically did not touch him.
The bankruptcy of FTX had little effect on the bank’s strategy. In December, McDermott noted that the exchange was a kind of “poster” for the industry, and although its collapse caused tangible damage to the emerging market, the technology behind it “continues to work.”
Previously, Goldman Sachs had close ties with both Bankman-Freed and his companies. This is one of the first conservative banks that not only became interested in the cryptocurrency sphere, but also took practical steps to develop this market.
