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Binance plans 20% workforce cut, labels it organizational adjustment.

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Post time 20-12-2023 12:53:58 | Show all posts |Read mode
According to recent media reports, the world's largest cryptocurrency exchange, Binance, is undergoing layoffs, with the layoff rate potentially reaching up to 20%. Currently, Binance has a workforce of up to 8,000 employees.

In response to the rumors of layoffs, a spokesperson for Binance stated that this is a normal organizational adjustment. Binance emphasized that it's not a layoff but rather a reassessment of whether there are suitable talents and expertise in key positions.

According to media statistics, the cryptocurrency industry has cut over 2,000 jobs so far this year. Cryptocurrency companies such as Coinbase Global, Crypto.com, Huobi Global, among others, have all announced layoffs.
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Post time 20-12-2023 13:08:10 | Show all posts
It seems that layoffs are happening everywhere nowadays.
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Post time 20-12-2023 13:39:16 | Show all posts
The potential layoffs at Binance will indeed have an impact.
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Post time 20-12-2023 14:07:43 | Show all posts
Anyway, I don't understand Binance.
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Post time 20-12-2023 20:43:30 | Show all posts
News about layoffs happens every year.
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