Coin Switch – a digital currency investing app – has announced Sudheer Tumuluru as the head of its crypto engineering department.
Coin Switch Has Added Many People to Its Payroll
Sudheer previously served as the vice president of engineering for fashion for the e-commerce company Myntra. He has worked extensively with big data, cloud, and infrastructure platforms, and with several companies in both the United States and India. He’s excited to be bringing his wealth of knowledge and know-how to Coin Switch.
In a recent interview, Ashish Singhal – the co-founder and CEO of the digital currency firm – said of Sudheer:
Coin Switch is expanding rapidly, building new offerings in crypto and [the] non-crypto space. A crucial part of this journey is a robust crypto tech stack that will reinforce our leadership in the crypto market even as we develop an assortment of asset classes. Sudheer’s expertise in building technology platforms will drive this effort.
Sudheer also threw his two cents into the mix, commenting:
Crypto is a technology tool that can reshape finance, business, and the internet. As a technologist, I look forward to joining Coin Switch and diving into building cutting-edge technological platforms in India.
The hiring notice comes at an interesting time considering how many major digital currency companies as of late have been doing the exact opposite. Many exchanges – such as Coinbase and Gemini – have let employees go following the crash of several assets, and several other firms have put their hiring plans on hold. These moves come after several digital currencies, such as bitcoin, have lost much of their value over the past few months.
Gemini stirred controversy when it first announced that it would be laying off approximately ten percent of its overall staff, thus bringing the number of employees in its stead from 1,000 to about 900. The controversy came when Gemini – having closed its physical New York office following the COVID pandemic – stated that many of the layoffs would occur through Zoom.
Coinbase also said that roughly 18 percent of its staff would be made to look for new jobs.
Everyone Else Is Firing
At a moment in time when everyone else is letting workers go, Coin Switch is bringing someone on who will likely take the firm down a road of expansion. Coin Switch has ultimately made several hires over the past few months, appointing top-notch individuals such as Ramesh Bafna (as its chief financial officer, Ashish Chandra (as its general counsel), and Jayaram Krishnan (as its vice president of products).
In addition, the company has also hired Jayadevan PK as its senior director of communication and content, Nishant Das as its global head of talent acquisition, R Venkatesh as its senior vice president of public policy, and Zeeshan Ramlan as its director and head of human resources.
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