Binance Chief Communications Officer Responds to Reports on Job Cuts

in DLIKE • last year

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Binance's chief communications officer denied that the world's largest cryptocurrency exchange is cutting 20 percent of its staff, following news reports about the job cuts on Wednesday morning. 

Binance's Patrick Hillmann retweeted a post from independent journalist Colin Wu, who had reported that layoffs in June were expected to be about 20 percent.

"Binance is not cutting 20% of employees as a cost-cutting measure," Hillmann tweeted later on Wednesday. "@binance experienced true exponential growth these past 5 years — and grew its staff accordingly. This was a historic operational challenge to overcome."



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