Binance To Sack Over 100 Employees, Ousts CEO Amid Fresh Layoff Round
Binances Brian Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.
Source: india.com
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Binances Brian Shroder will be replaced by general counsel Norman Reed, who joined the company in December 2021, on an interim basis.
These layoffs are happening just a few days after several top executives left the company including its Chief Strategy Officer Patrick Hillmann
Cryptocurrency exchange Binance has reportedly laid off 1,000 employees as it faces regulatory scrutiny and investigations in the US. The layoffs were global, with customer-service workers being the worst affected. Binance had a global staff of 8,000 prior to the layoffs.