Binance Not Planning Layoffs
Cryptocurrency exchange Binance is “not planning any layoffs” and is instead trying to fill another 500 roles by the end of June, according to a Binance spokesperson.
The comments came despite a huge spike in crypto layoffs in January — the majority of which were from crypto exchanges. In a statement, the Binance representative said:
“As of today, we are actively hiring for more than 500 roles with the goal of filling them by the end of H1 […] We are not planning any layoffs.”
The spokesperson was responding to a clarification request from Cointelegraph on March 1 regarding a tip about possible redundancies at the crypto exchange. The most recent comments appear to completely refute this theory.
Binance’s job openings page had 463 listings at the time of writing, with positions in business development, communications, customer support, and engineering, to name a few.
According to the spokesperson, the company has hired over 600 people since the beginning of 2023.
Binance has been regarded as one of the “winners” of 2022 by some, including Arcane, with the collapse of crypto exchange FTX and the implementation of zero-fee Bitcoin trading leading to it capturing an overwhelming portion of the market.
(With inputs from Shikha Singh)
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