Sam Bankman-Fried, the disgraced founder of bankrupt cryptocurrency exchange FTX, has resurfaced on social media with a series of posts following his 2023 arrest and sentencing. His first public statement since January 2023 sheds light on recent job cuts in the US government. Notably, the FTT token surged by 29% immediately after his post, reaching highs near $2.07 before retracting. Bankman-Fried’s posts, offering perspective on workplace dynamics, emerged shortly after reports of a major government job layoff wave under the Department of Government Efficiency (DOGE) and former President Donald Trump’s administration. The CEO’s 10-post thread highlighted potential factors for unemployment, including resource allocation issues, internal political pressures, and overhiring at competitors. Bankman-Fried argues that his previous work experience, which included observing departmental turmoil due to lack of proper management resources, has shaped his perspective on the job market.