Crypto exchange giant binance has laid off over 1,000 workers recently, with a big chunk of those happening this week, a source told the WSJ. HeleneBraunn reports
Crypto exchange Binance has laid off over 1,000 people globally in recent weeks amid its ongoing legal investigation from the U.S. Securities and Exchange Commission and other regulatory challenges, a source told the Wall Street Journal.
More than a third of the staff at Binance – which totaled about 8,000 prior to the layoffs – could eventually be affected by the job cuts, the source said.“As we prepare for the next major bull cycle, it has become clear that we need to focus on talent density across the organization to ensure we remain nimble and dynamic,” the spokesperson said.
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