Binance Lays Off Portion of Its Workforce: The Block

Binance has laid off some non-performers and people who are not the right cultural fit, The Block reports, citing a spokesperson.

• “We periodically review how we can best allocate our talent to the right teams with the right resources. And sometimes, this inevitably leads to letting go of some employees who might not be performing well or who might not be the right cultural fit,” the spokesperson told The Block
• The exchange declined to comment to The Block on the size of the cuts

To contact the reporter on this story:
Hadriana Lowenkron in New York at hlowenkron@bloomberg.net

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