At the beginning of January, the Goldman Sachs bank announced a reduction in staff by 3,000 people. The layoffs swept across the company, but the wave hit the investment division the hardest.
And now, a month and a half later, information appeared that the company is still looking for employees for the cryptocurrency products department. This is reported by Bloomberg with reference to the global head of the department, Matthew McDermott.
In his words, the company is “extremely positive” about the blockchain industry and is ready to add to the team as needed. Earlier, Goldman Sachs called BTC “the best asset of 2023”.
In 2020, the crypto division of Goldman Sachs consisted of only four people. Now the staff of the department has grown to 70 employees. At the same time, the wave of dismissals practically did not affect him.
FTX’s bankruptcy had little effect on the bank’s strategy. In December, McDermott noted that the exchange was a kind of “poster boy” for the industry, and that while its collapse did significant damage to the emerging market, the technology behind it “continues to work.”
Previously, Goldman Sachs had close ties both with Bankman-Fried himself and with his companies. This is one of the first conservative banks, which not only became interested in the cryptocurrency sphere, but also took practical steps towards mastering this market.
