Mass layoffs at Binance? The company admits to re -evaluate roles.

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Binance – die weltweit größte Kryptowährungsbörse – hat bestätigt, dass sie ihre Talentbasis „neu bewertet“, nachdem ein externer Bericht bekannt wurde, dass das Unternehmen plant, im nächsten Monat etwa 20 % seiner Belegschaft zu entlassen. Der Bericht stellt einen krassen Kontrast zur starken Position von Binance im letzten Jahr dar, das sich unter den Branchenführern dadurch hervorgetan hat, dass es während des Bärenmarkts weiter expandierte. Binance will Arbeitskräfte abbauen Am Mittwoch sagte der beliebte chinesische Krypto-Reporter Colin Wu genannt Er hatte mit „mehreren Quellen“ bestätigt, dass Binance begonnen hatte, Arbeiter zu entlassen. Obwohl der aktuelle Anteil ungewiss bleibt, gehen Schätzungen …
Binance - the world's largest cryptocurrency exchange - has confirmed that it "re -evaluated" its talent base after an external report has been announced that the company is planning to dismiss about 20 % of its workforce in the next month. The report represents a blatant contrast to Binance's strong position last year, which has emerged among the industry leaders by expanding during the bear market. Binance wants to dismantle workers On Wednesday the popular Chinese crypto reporter Colin Wu called he had confirmed with "several sources" that Binance had started to dismiss workers. Although the current proportion remains uncertain, estimates go ... (Symbolbild/KNAT)

Binance-the world's largest cryptocurrency exchange-has confirmed that it "re-evaluated" its talent base after an external report has been announced that the company is planning to dismiss about 20 % of its workforce in the next month.

The report represents a stark contrast to the strong position of Binance last year, which has developed among the industry leaders by expanding during the bear market.

Binance wants to reduce workers

On Wednesday the popular Chinese crypto reporter Colin Wu called He had confirmed with "several sources" that Binance had started to dismiss workers. Although the current proportion remains uncertain, estimates assume that the number of dismissed employees could be up to 20 % of Binance 8,000.

"Some departments continue to hire staff," said WU. "The layoffs may be related to the poor overall market and the large expansion before."

Almost a year ago was Binance CEO Changpneg Zhao brated thanks to relatively economical editions during the bull market last year over a "healthy war treasury" had.

In contrast to competing exchanges such as z coinbase and Crypto.com, which break down their number of employees, bony confirmed that over 2000 employees would be stopped at this point.

No "Rightsizing"

at this front has apparently not changed. In a message to cryptocpotle On Wednesday a binance spokesman claimed that the company was still looking for new talents to "fill hundreds of vacancies".

"While we are preparing for the next big bull cycle, it has become clear that we have to concentrate on the talent density throughout the company to ensure that we remain flexible and dynamic," said the speaker. "This is not about a size adjustment, but about a reassessment as to whether we have the right talents and expertise in crucial roles."

The representative added that the company would check "certain products and business units" to ensure that its resources would be properly assigned.

Patrick Hillman, Chief Communications Officer von Binance, also emphasized that the company does not make a 20 percent dismissal "as a cost reduction". Rather, it is part of a "testing of the talent density and resource assignment" that the company conducts cyclically every six months.

"We have great talents at Binance and we will continue to hold and hire top talents," he added.

We at Binance we have great talents and we will continue to keep and hire other top talents. If we have to part with an employee, he immediately becomes a valuable goal for recruiters around the world with customers who want to explore digital assets.

-Patrick Hillmann (@Prhillmann) 31. May 2023

Despite the slowdown of business in the past year, large crypto companies Coinbase in the first quarter of 2023 reported considerable increases in sales from quarter to quarter, Since the cryptom market recovered significantly from its low in November.

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