Amid layoffs at other crypto companies, Ripple continues to hire new employees. And this is despite unfavorable market conditions and the ongoing lawsuit from the SEC. Many facts indicate that the company has a solid foundation, and is not going to leave the United States.
The company has offices in San Francisco, New York, Singapore, Toronto and other major cities. Earlier this year, Ripple said it would hire up to 50 engineers for its newly opened office in Canada. And, judging by the number of vacancies, the company intends to fulfill the stated.
Ripple has previously stated that it will be able to continue hiring employees even during a tough bear market, which distinguishes it from many other cryptocurrency companies that have been forced to reduce their workforce. Coinbase, OpenSea, BlockFi and other well-known companies were forced to reduce their staff.
Given the large number of vacancies in the United States, this is quite unlike the behavior of a company facing the prospect of curtailing its activities in America.
This is also indicated by the fact that Ripple has moved its main office to a new building. Back in May, Ripple Labs moved its headquarters to a new 130,000-square-foot separate building at 600 Battery