Laid Off in Tech? OKX Wants You

Laid Off in Tech? OKX Wants You
20 September 2022

“Dear connection, If you are affected by the recent layoffs at Sea, Garena or Shopee, OKX have positions open in our company and we are happy to lend a helping hand if you are suitable for them,” Elise Wang, OKX talent acquisition manager, posted on LinkedIn on Tuesday.

The post comes on the heels of e-commerce platform Shopee’s latest round of job cuts, announced Monday, which affected some staff in Singapore. Though the scale of the layoffs are not known, roles are said to include employees in human resources, regional operations, marketing, and product and engineering, The Business Times reported.

Shopee parent company Sea also undertook a round of layoffs at its gaming arm Garena and R&D unit Sea Labs earlier this month.

While the crypto industry is currently enduring a prolonged winter – over 4,000 jobs are approximated to have been lost in the space since May – OKX is one of the few major exchanges that are aggressively expanding.

Blockhead previously reported that OXX announced it plans to increase its headcount by 30% to 5,000 over the next 12 months. The exchange is targeting professionals in product design, engineering and marketing as its main focus shifts to building a leading brand in the space.  

A check on OKX’s jobs portal for available positions in Singapore showed vacancies for 76 jobs, ranging from business development, data anaysis, compliance, strategy, software development and more at various seniority levels.

Just yesterday, the exchange announced the appointment of Ben Bowden as its Singapore-based head of global compliance. Bowden previously spent over 12 years in compliance at Standard Chartered Bank, before joining fintech firm Assembly Payments as general counsel, and Currencycloud as head of compliance and regulatory, APAC.

Related: Hiring, Firing & Lying: Crypto Winter’s Big Purge

Blockhead Team
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