Binance Begins Layoffs, Workforce to Drop by 20% in June

Binance Begins Layoffs, Workforce to Drop by 20% in June
фото показано с : beincrypto.com

2023-6-1 18:22

Binance, the world’s largest cryptocurrency exchange, is reportedly looking to lose to 20% of its workforce.

Binance, the world’s largest cryptocurrency exchange, is reportedly beginning the process of layoffs. According to Chinese blockchain reporter, Colin Wu, the proportion of those let go is uncertain.

Layoffs at Binance

“The total number of Binance employees is about 8,000, market rumors that the proportion of layoffs in June was about 20%,” he tweeted. “As of press time, Binance has not responded to this.”

“The compensation plan will be formulated according to different situations in different places,” Wu continued. “However, some departments are still continuing to recruit. The layoffs may be related to the poor overall market and the large expansion before.”

Binance is the world’s largest cryptocurrency exchange by trading volume, with the largest market share. However, its market share has declined by approximately 17% since the beginning of the year.

Falling Transaction Volumes Monthly top tier spot volume. CCData

Earlier this month, CCData reported that trading volume on Binance experienced a consecutive monthly decline in April, plunging by 48% due to decreasing transaction levels throughout the industry.

Last month, the volume reached $287 billion, marking the second-lowest level since 2021. Moreover, Binance’s market share dropped to 46% for the second month in a row.

Check out our Learn page for a rundown of Binance competitors.

Back in January, Binance CEO Changpeng Zhao said that the firm was planning a hiring spree in 2023, increasing its headcount by 15% to 30%, according to a report from CNBC.

At the time of writing, Binance had 327 vacant positions on its website. BNB is down approximately 1.4% following the news.

BeInCrypto has approached Binance for further comment on the matter. At the time of press, there had been no response.

The post Binance Begins Layoffs, Workforce to Drop by 20% in June appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 304.18 (-100%)

workforce layoffs binance june begins drop going

workforce layoffs → Результатов: 38


What do layoffs at Crypto.com mean? Crypto winter rages on

Key Takeaways Crypto. com is laying off 20% of its workforce, having cut 5% last summer Fellow exchanges Coinbase, Kraken, Huobi and Swyftx have all downsized over last month Tech sector as a whole is laying off thousands, with Amazon, Salesforce, Meta and Twitter just a few of the big names Crypto sector misjudged its vulnerability […] The post What do layoffs at Crypto.

2023-1-13 15:58


Фото:

Bitmain Reportedly Will Sack More Than Half of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-29 21:20


Фото:

Bitmain Reportedly Will Sack Up to 85 Percent of Workforce

The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days.

2018-12-27 21:20