SBF Returns to X, Shares Thoughts on Layoffs and Job Loss

Crypto News

SBF Returns to X, Shares Thoughts on Layoffs, Management, and Job Loss

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 25, 2025

Key Takeaways

SBF returned to X after two years, sharing his thoughts on layoffs, management, and the unemployment struggles;
He called firing employees one of the hardest tasks, saying job cuts often happen due to company issues;
SBF expressed sympathy for government workers and reflected on the challenges of being unemployed.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

SBF Returns to X, Shares Thoughts on Layoffs, Management, and Job Loss

BITDEGREE IN YOUR SOCIAL FEED

After nearly two years of silence, former FTX CEO Sam Bankman-Fried, also known as SBF, returned to X on February 25, sharing thoughts on employee layoffs and corporate management.

Bankman-Fried reflected on the difficulty of firing employees, calling it “one of the hardest things to do in the world” and acknowledging how tough the process is for everyone involved.

He explained that job cuts often happen not because of an employee’s skills but simply because “the company just doesn’t have the right job for them”.

What is Uniswap? (UNI Token Explained With Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The former FTX CEO also stated:

I’d tell this to everyone we let go: that it was as much our fault for not having the right role for them, or the right person to manage them, or the right work environment for them.

Additionally, Bankman-Fried shared his thoughts on government workers, expressing sympathy for those dealing with job uncertainty. “I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days”, he wrote.

He added that “being unemployed is a lot less relaxing than it looks”, a statement that carries extra weight given his own financial collapse.

Bankman-Fried's timing happened around the same time as Elon Musk’s statements on workplace accountability. The Department of Government Efficiency (DOGE) planned to use artificial intelligence (AI) to evaluate federal employees’ responses to their recent work. What did Musk say about it? Read the full story.