Thread regarding Coinbase layoffs

Leave Traditional Banking Job For Fintech?

Howdy,

Got an interview request to do cyber controls/risk work with a "crypto leader." Recruiter is being coy about which firm but I figured I'd post here for thoughts.

Anyone here have info on how the gov/risk/compliance departments are here? Would you recommend leaving a similar job at an established top 10 bank for a riskier job in this space for an 80k pay bump plus equity?

I did see there was a 20% layoff in "crypto winter" 2023 but my current company had a bigger layoff in recent years so not sure how worried I should.


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The people I know who have worked in finetech experienced frequent layoffs and described the environment as high stress and lower pay than other tech industries. The only benefit may be that there are numerous finetech companies in the US, so experience may help you find another job. This is assuming downsizing, AI, and outsourcing overseas does not change those prospects.

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