Recently, the layoff of huobi has become a hot topic. The media reported that 40% of the layoffs of huobi were untrue, which Brother Sun publicly denied, but the layoffs were confirmed by the internal staff. At the beginning of 2023, people could not help feeling cold. The following content will answer for you.

1、 Behind the massive layoffs in the currency circle

Recently, the layoff of huobi has become a hot topic. The media reported that 40% of the layoffs of huobi were untrue. Sun Ge publicly denied that it was untrue, but the layoffs have been confirmed by the internal staff. At the beginning of 2023, people could not help feeling a chill. Before huabi, many money market project parties, investment institutions and exchanges were laid off in 2022, including coinbase.kraken.amber.bybit.opensea.consys, which also made investors and practitioners of allinweb panic.

The decline of the market is a key factor in the layoff of the money market team. When the market is good, they expand one by one. When the market is bad, layoffs are also common. At the same time, Luna in the middle of 2022, the explosion in November had a huge negative impact on the currency market, and FTX aggravated the layoffs. According to our tracking of primary market project investment and financing, as of the last week, the number of projects/blockchain companies with more than US $10 million in financing has dropped to 3, but at the beginning of 2022, this number once reached dozens, with more than US $1 million in financing at the beginning of the year. The result of layoffs and primary investment shows that the market is extremely short of money, and everyone is ready to reduce expenses and spend the winter.

Although this wave of layoffs is essentially caused by the decline of market trends, the biggest impact of the wave of layoffs in the Internet circle is Twitter layoffs. Since Musk acquired Twitter, a series of personnel optimization strategies have begun. The media has revealed that the number of layoffs on Twitter is as high as 50%, which rarely occurs in the US Internet industry. Subsequently, Google, Microsoft, Amazon. meta (Facebook) followed suit and began to lay off workers, causing a wave of layoffs in Silicon Valley, and even affecting Chinese Internet companies such as BAT.

In fact, the Internet giants in Silicon Valley also have layoff plans before, and there will be a wave of lows every year, but most of them are thunder and rain. The root cause is the opposition of labor protection groups such as the American trade union. Musk's large-scale layoffs have set an example for many enterprises, so these Internet companies have also reduced their staff and improved their efficiency, which has affected the blockchain industry in many fields and the poor performance of the market in 2022. Therefore, layoffs at the end of the year are inevitable.

2、 What should Web3 practitioners do when faced with layoffs?

Although we say Web3. Decentralization. DAO, it is undeniable that most money market projects have registered entities, such as enterprises, foundations, and so on. There are also so-called project parties, which are separated from investors (communities). Therefore, many Web3. practitioners still have the employment system. It is completely correct to say that Web layoffs, of course, there are many. Web3. Practitioners are mainly freelancers. These people are task-driven. In short, they can earn as much as they can for the project,. They have no jobs and no money. They live entirely on the heat of the market.

For domestic blockchain practitioners, since the exchange in recent years, in fact, most domestic money markets cannot directly engage in digital money-related activities, and many projects are prohibited Organization. The team established corresponding institutions abroad, and then outsourced the project to domestic companies to bypass control. As we said before, one of the representatives of DODO, although it is a foreign project, is really a domestic person who works to knock the code. This is a lot of cases, so many project team layoffs will essentially affect the domestic.

Decentralization is an idea. In fact, although the money market is talking about decentralization now, many related parties are still concentrated. Decentralization still needs a long time to promote. In this process, various problems will be encountered, such as blockchain governance issues, control and law. How the DAO protects the rights and interests of participants and how to protect the rights and interests of participants also need time to explore. Therefore, as a new style, how to protect the rights and interests of participants also needs time. Web freelancers still have some difficulties.

When the market is bad, freelancers usually have low income, even no income, which will lead to the initiative of some income Web3. practitioners, but also the opportunity for freelancers to recharge. In fact, for those who have jobs, this is also an opportunity to recharge. Web3 practitioners, whose work is not much different from that of ordinary Internet companies, but also face greater work pressure. Many people hardly have time to recharge and learn. Freelancers can also make full use of the bear market time to recharge and learn, supplement industry awareness, and ensure that they keep up with the latest changes in the industry and will not be eliminated by the market.

There are many opportunities in the encryption circle. For example, some people make hundreds of thousands of dollars by airdrop, which is impossible to achieve in a few years. All of these need time and energy to pay attention and research. So AllinWeb3. In the face of the reduction or layoff of the bear market business, practitioners need not panic. They can do a lot of things in this industry, and they will definitely have obvious income after paying.

summary

To sum up, Web2 is the current version of the Internet, based on social media. It is characterized by the ability of users to generate content and interact with websites and web-based applications. The third generation of the Web is the next generation of the Internet, which is expected to bring significant changes and optimization to the way we use the Internet. It is some people who meet them. Web3. Metauniverse can bring a turnaround to the current depressed Internet environment, and a large number of technologies and operators have begun to work in Web3 and Metauniverse.