Cryptocurrency exchange Binance claims to recruit 15%-30% amid wave of layoffs, is it real demand or ‘beating the drums’?

Tram Ho

On January 11, CEO Changpeng Zhao said that Binance is planning to recruit massively in 2023. Meanwhile, crypto companies are laying off a large number of employees, amid constant pressure. pressure on the price of cryptocurrencies.

Zhao said that the world’s largest cryptocurrency exchange Binance has increased the number of employees in 2022 from 3,000 to nearly 8,000.

At the Cryptocurrency Finance Conference in Switzerland, the CEO said that Binance plans to continue to increase the number of employees from 15% to 30% in 2023.

Rival exchanges have been forced to cut the bulk of their staff, after nearly $1.4 trillion was wiped out of the crypto market by 2022. In November 2022, Kraken claimed lay off 30% of employees. Huobi and Coinbase say they will cut their workforces by 20% this year. The prices of major cryptocurrencies such as Bitcoin and Ether also fell.

Sàn tiền số Binace tuyên bố tuyển dụng 15%-30% giữa làn sóng sa thải, là nhu cầu thực sự hay ‘khua chiêng đánh trống’? - Ảnh 1.

The CEO of Binance admits that the company needs to get better organized before the crypto market takes off. He said his exchange is not very efficient, so it will have to build more to get up to speed again.

Last year, the crypto industry struggled when large projects collapsed, in addition to liquidity problems, bankruptcy and the heavy failure of the FTX cryptocurrency exchange. FTX founder Sam Bankman-Fried was charged by US prosecutors with eight counts, including fraud, but Sam pleaded not guilty.

In November, Binance offered to buy FTX’s non-US businesses that were experiencing liquidity problems, but then backed out of the deal. Mr. Zhao publicly stated that his company was selling FTX tokens as FTT, which exacerbated the collapse of FTX.

The CEO of Binance said the actual damage to the crypto industry after the crash of FTX was minimal. FTX is not a giant, they just make a little noise. “There is definitely damage, but the crypto industry will be fine,” Zhao said.

According to CNBC

Share the news now

Source : Genk