Binance CEO Changpeng Zhao (CZ) performed down the importance of latest firm layoffs – saying, “One other day, one other FUD.”
Layoff rumored to be bear market pushed.
On Might 31, Colin Wu of the Wu Blockchain Twitter account acknowledged a number of sources had confirmed Binance was planning to put off employees. Though particulars on the cuts had been “nonetheless unsure,” rumors put the determine all the way down to a 20% cull in numbers.
“The entire variety of Binance workers is about 8,000, market rumors that the proportion of layoffs in June was about 20%. As of press time, Binance has not responded to this.“
