Written in CRYPTO he
If you thought the mass layoffs of technology-related companies had ended, now a new rumor is emerging that Binancethe exchange of cryptocurrencies largest in the world, it will lay off a considerable number of employees, however the company has already gone out to clarify the rumors and here we will tell you the details and what its company has declared CEO: Changpeng Zhao.
Are the massive layoffs at Binance true?
According to certain rumors that came to light recently, they suggested that Binance was preparing a mass layoff of approximately the 20% of your staff, and that they would do this in the month of June. These rumors are based on the current situation of the cryptocurrency market, and on the growth that the company has had in recent months.
However, to clear up these rumors Changpeng Zhao, the CEO of Binancedismissed these claims, classifying them as FUD (fear, doubt and uncertainty), through his account Twitter.
In addition to stating that the Exchange has a program to evaluate and identify employees who do not contribute to the company. And although they do not have specified data on the reduction of employees, the CEO stated that among the company’s plans they follow the idea of expand and get new talent.
For his part, Patrick Hillman, Communications Director of Binancealso refuted the rumors through a thread of tweets, in which he ruled out that the alleged layoffs were given to reduce costs in the company, since in fact, it has maintained a good growth during the last five years.
And like Zhao, Hillman commented that these types of companies constantly require innovative candidates to help advance and improve the services they offer, which is why they carry out talent density audits and thus optimize resources. And although he did not give an exact figure on the laid off employees by the audits, but he did say that it is a much lower figure than the twenty%.
Finally, Changpeng Zhao reiterated its commitment to recruiting and identifying talent so that Binance keep innovating and offering a platform that is increasingly friendly to users who trade cryptocurrencies and tokens.