Latest Hiring News from The World of Web3
WhatsApp, one of the top applications owned by Meta, recently caught the spotlight after its senior engineer joined Trust Machines.
The engineer in question is Sabir Alizada, who was employed by WhatsApp for more than three years as a senior software engineer. As a part of the WhatsApp team, he worked on various business features of the application such as:
- WhatsApp Pay for Merchant
- WhatsApp Flows
- WhatsApp Commerce
Trust Machines, on the other hand, is a prominent name, building the largest ecosystem of Bitcoin applications to expand the value of the BTC network. Trust Machines is working on developing an application called Console, which is reportedly a decentralized alternative of Discord.
As per reports, Alizada is set to join a team at Console, which will build a Web3 chat application. As per the company sources, this is anticipated to be a reason why people will “ditch Discord.”
The application will have features such as token gating, wallet connectivity and more.
According to a statement given by Alizada, he believes that decentralization in messaging is not a mere trend but “the future.”
A Brief Look at Crypto Job Market Trends in 2023
Sabir Alizada joining Trust Machines is not the first instance noted where Meta employees stepped into the Web3 space. While the outlook of professionals switching from web 2.0 to web3 remained positive, the web3 job market in general was volatile in 2023.
The first half of the year saw a large number of layoffs in 2023 as a result of the cuts announced by prominent names in the crypto space such as Yuga Labs, Chainanalysis and Ledger. However, the graph almost died down by the end of the year, showing no layoffs for December 2023.
Read our comprehensive blog for an insightful review of the crypto job market in 2023. Click here!
What to Expect in 2024?
For the web3 job market, 2023 was a mixed year. The first six months of the year were particularly rough as several companies continued to suffer from the declining crypto market. The series of layoffs induced by cost-reduction measures affected the workforce and created an overall negative vibe about the market.
However, the second half of the year, especially the last quarter, proved to be significantly better. As a result of the positive crypto market, several companies started to rehire, and the trend of cost-cutting slowed down.
During the last quarter of the year, the crypto market showed significant signs of improvement, which directly impacted the job market. Bitcoin ended the year on a high with more than 2X increase in its price as compared to the start of 2023.
These positive developments have raised hopes in the crypto and web3 job market of a productive 2024. If the cryptocurrency market continues to be less volatile, it is expected that we might see new records being made in terms of hiring and retaining the workforce during 2024. While we cannot say something with certainty at this point, we are surely off to a better start in 2024 as compared to 2023.
If you are looking for a new job or a timely career switch, don’t forget to visit www.cryptojobs.com, the leading web3 job board that connects the crypto talents with the top opportunities in the crypto and web3 space.
