Changpeng Zhao, CEO of crypto exchange Binance, said in a statement regarding the news of the layoffs, stating that the numbers reported by the media are all false.
Zhao shared on his Twitter account about the news in the US media that the company has dismissed more than 1000 employees.
Noting that there are involuntary layoffs as they constantly try to increase their talent density, Zhao said, “This happens in every company. The numbers reported by the media are all wrong. On the bright side, they can’t resist talking about us. We’re still hiring.” used his statements.
In the news in the US media, it was stated that Binance has laid off more than 1,000 employees in recent weeks, and the ongoing process may cause the company to lose more than a third of its employees.