Binance is reportedly giving thousands of employees the chop—just months after saying it would be “seeking to fill hundreds of open roles” and was “reevaluating” its headcount, as the company faces the toughest legal scrutiny of its six-year existence. 

The world’s biggest cryptocurrency exchange told Decrypt that it had laid off staff but would not confirm the amount.

Binance CEO Changpeng ‘CZ’ Zhao then said on Twitter that “the numbers reported by media are all way off.” The Wall Street Journal reported Friday that the company had laid off “over 1,000” employees. CNBC then reported that Binance plans to lay off between “1,500 and 3,000” employees, citing an unnamed source.

Binance’s global headcount was previously 8,000, the exchange has said.  

Binance replied today with a prepared statement it had previously released in May saying it was not “rightsizing” but rather reevaluating whether it had the “right talent.” 

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Author: Mathew Di Salvo

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