Home Former FTX CEO Sam Bankman-Fried takes to X to critique government layoffs

Former FTX CEO Sam Bankman-Fried takes to X to critique government layoffs

Disgraced former CEO of the crypto exchange, FTX, Sam Bankman-Fried has returned to X after a two-year break to call out mass layoffs.

Just a few days after giving his first interview since being imprisoned, Bankman-Fried has also broken his silence online, taking to X to share a series of posts about layoffs. This comes in the wake of widespread federal layoffs and Bankman-Fried referenced the controversial DOGE email initiative that’s been unfurling over the last few days in the first post in the series.

“I have a lot of sympathy for government employees: I, too, have not checked my email for the past few (hundred) days,” he said, quipping about his current serving of a 25-year sentence for fraud and embezzlement to the tune of $8bn through the now-bankrupt FTX cryptocurrency exchange he founded. “I can confirm that being unemployed is a lot less relaxing than it looks.

“Firing people is one of the hardest things to do in the world. It sucks for everyone involved,” he continued.

Bankman-Fried went on to highlight that terminations are often a result of “the company just doesn’t have the right job for them” and stressed that it often doesn’t come down to the qualifications of the individual. Nonetheless, he concluded, “there’s no point in keeping them around, doing nothing.”

Reactions to Sam Bankman-Fried’s post

After not posting on X in the last two years, the series of posts has confused and intrigued onlookers, particularly those within the crypto space. Many are shocked that posts coming from behind bars choose to focus on musings around layoffs as a concept.

One X user reposted the series of tweets with the comment: “Classic villain comeback”. Another wrote: “The attempted pivot from “effective altruist” to “thinking man’s edgelord” or whatever this is supposed to be is pretty amusing.”

Featured image: Midjourney

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Rachael Davies
Freelance Journalist

Rachael Davies has spent six years reporting on tech and entertainment, writing for publications like the Evening Standard, Huffington Post, Dazed, and more. From niche topics like the latest gaming mods to consumer-faced guides on the latest tech, she puts her MA in Convergent Journalism to work, following avenues guided by a variety of interests. As well as writing, she also has experience in editing as the UK Editor of The Mary Sue , as well as speaking on the important of SEO in journalism at the Student Press Association National Conference. You can find her full portfolio over on…