High Turnover Hits Crypto Startup Ripple, With 9 Executives Departing in the Last 12 Months
Ripple is known for its seemingly never-ending hiring spree, with 56 positions currently available at the San Francisco startup. The company is rated by Fortune research partner Great Place to Work as one of the top places to work in California’s Bay Area.
But as the company announced a string of high level hires over the last year, a sizable list of executives decided to move on to new ventures.
The latest to announce his departure is Dilip Rao, Ripple’s global head of infrastructure innovation. His tenure at the company began back in 2014.
After an exciting last lap (@Ripple since July 2014), I'm retiring from active duty to put my feet up in Australia end 2019. Grateful to the many friends and colleagues who made every day a joy! Best to my mates at Ripple and #XRPCommunity – #KeepTheFaith! pic.twitter.com/bLG87gZV2Q
— Dilip Rao (@diliprao) December 2, 2019
Rao joins a long list of nine executives who, through a combination of public announcements and LinkedIn profile updates, have revealed that their tenure at Ripple is over.
- Chief market strategist Cory Johnson
- Senior software engineer Evan Schwartz
- Head of European regulatory relations Dan Morgan
- Director of regulatory relations Ryan Zagone
- Sales director Ross D’Arcy
- Business development director Wellington Sculley
- Head of XRP institutional liquidity Catherine Coley
- Senior VP of business development Kahina Van Dyke
Ripple’s careers page shows the company is looking for replacements for many of the new vacancies.
The company says it has more than 350 employees, with offices in San Francisco, New York, London, India, Singapore, Brazil and Dubai.