Binance responds to layoffs: reassessing whether key positions have suitable talent, new user registrations remain strong

ChainCatcher news, according to The Block, regarding the layoffs at Binance, Binance representatives stated: We regularly review how to best allocate our talent to teams with the appropriate resources. Sometimes, this inevitably leads to the dismissal of some underperforming employees or those who do not fit the culture. But this is not a layoff; it is a reassessment of whether we have the right talent and expertise in key positions, and we will still seek to fill hundreds of vacant positions.

We will include a review of certain products and business units to ensure our resources are appropriately allocated to reflect the changing needs of users and regulators. Serving our users remains our top priority, and new user registrations remain strong. (source link)