The claims that the world’s largest crypto exchange Binance has cut costs despite denying the claims of laying off 1,000 staff have worried users.
Another speculation arose after Binance CEO Chanpeng Zhao recently denied allegations that they had laid off 1,000 staff members. Adam Cochran, partner of Cinneamhain Ventures and a well-known investor in the cryptocurrency market 16 July on his official social media account, in the shipmentBinance cause unknown One cost cut started his policy.
cochran, 19 June to Binance employees on thrown many of the many things the exchange provides to team members by referring to an email social assistance falling profitability citing reasons that you cut conveyed.
However, according to Cochran donations made, Considering the number of employees available a small cost it represented. Binance’s largest US cryptocurrency exchange to Coinbase much more than low salary Cochran stated that he gave your wife how is this interruptions as much to do that you don’t understand that you’re falling stated.
Binance’s recruitment continues Despite their statements that the internal teams 3-6 months recruitment of new staff during the period stopping It was also among Cochran’s claims that he went to order.
In addition, according to the data, the annual average 10 with 12 billion He also paid the employees of Binance, which should make a profit of BNB with regard to its your wife completely where is it spent of Cochran caught his attention.
On the other hand, the allegations he put forward are most likely Binance CEO. Changpeng Zhao (CZ) by will be denied Cochran stated:
I’m sure you’ll just say “4” or “FUD” again. You said the media made up stories. But if even a few million dollars of spending is starting to become too costly for Binance, I have to wonder, what’s going on?
Last week, the media reported that Binance was trying to cut costs. 1,000’s on dismissal was stated to have done. CEO CZ, layoffs TRUE but to replace the dismissed personnel. new ones taken by specifying cost concerns allegations about had denied.