Binance celebrates six years of existence, but the cheers are clouded by mass layoffs

Von Krypto News Österreich

Binance: Kryptobörse verliert über 1.000 Mitarbeiter während des Jubiläums Binance, eine der größten Kryptobörsen weltweit, feiert in diesem Jahr ihr sechsjähriges Bestehen. Allerdings wird die Stimmung am Jubiläum getrübt durch Nachrichten, dass das Unternehmen in den letzten Wochen mehr als 1.000 Mitarbeiter entlassen haben soll. Diese Informationen wurden vom Wall Street Journal veröffentlicht. Berichten zufolge wurden die Kürzungen weltweit vorgenommen, wobei vor allem Mitarbeiter des Kundendienstes in Indien betroffen waren. Über die letzten Wochen hinweg sind insgesamt mehr als 1.000 Mitarbeiter ihren Arbeitsplatz bei der Kryptobörse losgeworden. Vor den Entlassungen schätzte man die weltweite Mitarbeiterzahl bei Binance auf knapp 8.000 …
Binance: Crypto tours loses over 1,000 employees during the Binance anniversary, one of the largest crypto bonds worldwide, celebrates their six -year existence this year. However, the mood on the anniversary is clouded by news that the company is said to have released more than 1,000 employees in the past few weeks. This information was published by Wall Street Journal. According to reports, the cuts worldwide were reported, with employees of the customer service in India in particular affected. Over the past few weeks, a total of more than 1,000 employees have gotten off their jobs at the crypto tour. Before the layoffs, the global number of employees at Binance was estimated at almost 8,000 ... (Symbolbild/KNAT)

Binance: Crypto tour loses over 1,000 employees during the anniversary

Binance, one of the largest crypto bonds worldwide, celebrates its sixth anniversary this year. However, the mood on the anniversary is clouded by news that the company is said to have released more than 1,000 employees in the past few weeks. This information was published by Wall Street Journal.

According to reports, the cuts worldwide were reported, with employees of the customer service in India in particular affected. Over the past few weeks, a total of more than 1,000 employees have gotten off their jobs at the crypto tour. Before the layoffs, the global number of employees at Binance was estimated to be almost 8,000 people. Due to the ongoing restructuring, the company could ultimately lose more than a third of its employees.

On May 31, Binance announced that they would reduce 20 % of their workforce. However, the company claimed that it was not targeted layoffs, but rather a redistribution of resources. A spokesman for Binance said that the company had to focus on the talent density in the entire organization to ensure that they can remain agile and dynamic.

A recently published analysis by Glassdoor shows that Binance employs some of the most dissatisfied employees in the crypto industry. A spokesman for Binance commented on this with the indication that the company hires candidates who could work in a powerful environment and focus on offering users something.

since the beginning of June Binance has had to accept several setbacks after it was affected by regulatory contestation worldwide after a lawsuit by the US stock exchange supervision. The stock exchange was instructed to hire the company in Belgium and failed when trying to receive a license in the Netherlands. In Germany, Binance was denied the license to custody cryptocurrencies and the platform also lost its euro banking partner, all within 30 days. In France, too, the stock exchange is under observation and was cited before the Brazilian congress in connection with investigations into a snowball system.

The biggest challenge for Binance is, according to the Wall Street Journal, an ongoing investigation by the US Ministry of Justice against their business activities and managers. Nevertheless, the CEO of Binance, Changpeng "CZ" Zhao, has so far rejected to hand over or resign. This raises doubts about the survival of the stock exchange.

According to reports, Zhao's response to the investigation of the trigger for the departure of some top executives, including the former Chief Strategy Officer Patrick Hillmann. Zhao indicated that the company's path never went smoothly anyway.

Despite the current challenges, Binance remains one of the most important crypto bonds worldwide. It remains to be seen how the layoffs and the investigation by the US Ministry of Justice will affect the company in the future.