According to a new report by Bloomberg, Polygon is going to broaden its workforce by 40% in the coming months to capitalize on the availability of talent after a number of crypto companies either laid off employees or imposed a hiring freeze this year.
Polygon, which raised $450 million through the sales of private tokens in February, currently has around 500 full-time employees that work from remote locations.
The company says it’s going to be hiring about 200 managers, engineers and staff for overseeing partnerships. Furthermore, Polygon plans to add high-quality Web3 developers, which they say are expensive to hire and difficult to come by, according to the report.
Says Bhumika Srivastava, Polygon’s head of human resources,
“Overall tech talent is difficult to hire even if it is a Web2 organization. It is difficult to hire the quality talent you want, especially as Web3 skills is something that’s still getting built.”
Previously, Polygon siphoned 30 developers from non-fungible token (NFT) launchpad OnePlanet, according to Srivastava. Polygon’s human resources head also says that they have attracted talent from big tech firms including Amazon, Electronic Arts and YouTube.
Polygon’s hiring spree comes months after many crypto exchange platforms, including Coinbase, Gemini, and Crypto.com, announced that they would be reducing their workforces.
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