Binance to Cut 20% of Staff in June: Report
A Wednesday morning report from independent reporter Colin Wu claimed that Binance plans to cut 20% of its 8,000 staff in June. Sources told Wu that the…
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A Wednesday morning report from independent reporter Colin Wu claimed that Binance plans to cut 20% of its 8,000 staff in June. Sources told Wu that the…
Binance revealed that it may be reassessing its workforce following numerous reports of layoffs and an extended bear market.
The Binance COO hinted that the layoffs in June and internal reallocation of resources is required as the scrutiny persists.
Cryptocurrency monthly exchange volume fell over 27% from $604.88 billion in April to $439.42 billion in May, signaling weak investor demand.
A fresh headcount reduction is coming to crypto exchange Binance, which is reportedly planning to lay off 20% of its workforce in June.