Binance CZ Calls Layoffs Rumors “Another FUD”

Also Read: Bitcoin Loose $27K Level; Coinbase Registers Mega BTC Whales Deposits

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Binance CZ  Opens Up On Layoff Rumors

Independent Crypto reporter, Colin Wu stated that the world’s biggest crypto by trading volume is planning to lay off 20% of its employees next month. However, this development comes in after the crypto exchange earlier announced that it would not sack any of its workforce.

Replying to this claim, the Binance chief mentioned that they have a “bottom out” program in the company. On the basis of this program, many employees who are not strong fits for the company are asked to leave.

He added that several of the people are great performers but they do not fit into the company’s culture. However, CZ gave a small example of Work From Home (WFH) and stated that it is not for everyone. Read More Crypto News Here…

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CZ highlighted that the “Bottom Out” program is constant and he pushes it on a weekly basis.

(THIS IS A DEVELOPING NEWS)

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