Nestcoin CEO seeks jobs for his sacked employees
Yele Bademosi (Co-founder and CEO at Nestcoin) is looking for tech companies to hire his fired employees.
This comes just a day after the company announced that it was laying off half of its 100 staff due to the fallouts of FTX’s collapse.
Bademosi previously explained that Nestcoin had stored a large portion of its stablecoin investments on the FTX exchange and that it is currently trying to recover them.
Nestcoin raised $6.45million earlier this year in a preseed round. The company also had $4 million in cash and stablecoins. Last week, FTX was destroyed.
Gbadamosi’s plan: After the inevitable layoffs at Nestcoin the CEO sent out a tweet asking for engagement opportunities from his former staff. He stated:
- “At Nestcoin, we’ve been fortunate to have had so many talented people on our team and we want to help them find their next opportunity. If you’d like to hire any of our talented Nesters who are leaving, please email us at [email protected].”
Since then, the tweet gained momentum and attracted positive comments. Many tweeps commended the CEO for taking the time to listen to his ex-employees after the unfortunate incident that caused their exit.
The Back story Nestcoin’s pre-seed fund was backed by multiple investors including Alameda Research and Bankman-Fried’s trading shop. Nestcoin’s Bademosi noted that Alameda’s equity in the company was less than 1%.
With a “significant proportion” of Nestcoin’s operational fund stablecoins and cash) held in FTX, the collapse of the Exchange threw the company into a serious problem leading to the laying off of half of the company’s employees.
Nestcoin is a crypto-gaming and digital art investor.