- Nearly 3,000 people were made redundant in January
- In February, the indicator fell by 80%, but this is not surprising given the value last month
- At the same time, since January, Binance has expanded its staff by 600 people.
- And the exchange website still has about 460 vacancies in different departments
January may have set a new anti-record for the number of layoffs in cryptocurrency companies. Nearly 3,000 people lost their jobs. In February, this wave began to decline, and the figure fell by 80%.
Most of the major CEXs were among the organizations that announced layoffs. Coinbase alone fired 950 people in January.
This trend, quite naturally, causes concern. But some firms seem to stand on their own feet more firmly than others. So, for example, Binance said that they do not plan to reduce staff yet.
Moreover, the exchange expects to expand the staff by hiring an additional 500 people. Already, 460 vacancies have been posted on the official Binance portal, including in business development, customer support, communications and engineering departments.
At the same time, since the beginning of this year, the exchange has hired about 600 people, so the situation commented Binance representative to Cointelegraph.
This is doubly surprising given the fact that uniform FUD is unfolding around the company. Recall that Forbes magazine accused the company of misusing client funds.
To this, Binance CEO Changpeng Zhao said that the portal “denigrates” the exchange. But, as we mentioned earlier, the company’s management is confused in explanations and cannot give a clear comment on the facts stated in the Forbes publication.