In the midst of the current bear market causing many major crypto exchanges and companies to downsize their staff, Binance, the largest crypto exchange, is charting a different course. Unlike its peers, Binance plans to bolster its workforce and has no plans for layoffs. By June 2023, the company aims to fill over 500 open positions.
While other exchanges such as Coinbase and Robinhood have reduced staff numbers to cut operational costs, Binance is looking to expand its team, even during this crisis. The exchange’s spokesperson recently disclosed this information in response to reports suggesting that some job roles at Binance may no longer be necessary, possibly leading to layoffs.
Binance currently has 463 job listings posted on its career page for different departments such as communication, customer support, and business development, among others. Furthermore, the CEO of Binance has revealed plans to increase employee numbers by 15-30% in 2023, indicating a commitment to aggressive expansion. Already this year, the company has hired approximately 600 employees.
Despite some allegations of misusing customer funds, the CEO of Binance has refuted such claims, terming them as FUD and ensuring that accurate information reaches the public.
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