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HomeCryptoCurrencyBinance Refutes Layoff Speculations, Dismisses Claims of 20% Staff Reduction

Binance Refutes Layoff Speculations, Dismisses Claims of 20% Staff Reduction

Binance, the world’s largest crypto exchange market Capitalization, he responded to rumors about the company cutting its employees by 20%.

There is no 20% discount for employees says Binance executive

Binance, which total The number of employees is about 8,000, it was reported off 20% of its workforce, with speculation that development He was result of the current general encryption market conditions.

However, Binance CEO Changpeng Zhao responded to the persistent rumors, describing it as FUD (Fear, Uncertainty, Doubt).

According to Zhao, the company has a file program This puts off people who That’s not enough for The company adding that there is no specific percentage of people Binance will leave it. chief executive officer also He stated that the cryptocurrency exchange is still in the process of being employed more people.

Also, Patrick Heilmann, Chief Communications Officer of Binance, clarified that the company was not cutting down 20% of Its staff to manage costs, unlike reports.

In a tweet, Hillman claimed that the cryptocurrency exchange has seen a crush growth in Five years adding that the company has been doing consistently out Talent Density Audit.

Like the previous exercises, this will be done after several exercises teams (including HR, Risk and Operations) Complete talent intensity audit. no specified number, just direction on Where are we need To simplify. This was honestly the part of binance secret sauce.”

Patrick Hellman, Chief Communications Officer at Binance.

The Binance CEO did not disclose the number of Recently hired employees off But he said the number could be less from 20%. Hillman stated that the exact number would be known after all teams He carries out Talent Density Audit.

Binance, which was in Crosshairs of US regulators also involved in various expansion efforts, with Recently the company has expanded its services to Thailand.

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Adrian Ovalle
Adrian Ovalle
Adrian is working as the Editor at World Weekly News. He tries to provide our readers with the fastest news from all around the world before anywhere else.

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