Binance Plans 500 Hires in H1: No Layoffs in Sight

Binance Not Planning Any Layoffs

• Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs.
• Binance is actively hiring for more than 500 roles with the goal of filling them by the end of H1.
• CEO Changpeng Zhao said that the firm was planning for a hiring spree in 2023, increasing its headcount by 15-30%.

No Plans For Layoffs

Binance has confirmed that they are not planning any layoffs and instead are looking to fill another 500 roles by the end of June. A Binance spokesperson told Cointelegraph that since January, the company has hired more than 600 people and have no imminent plans for layoffs.

Job Openings

At the time of writing, Binance had 463 listings on its job openings page, with roles in business development, communications, customer support and engineering, to name a few. Some of these include positions in business development, customer support, communications and engineering.

Hiring Spree

Binance CEO Changpeng Zhao said that the firm was planning for a hiring spree in 2023, increasing its headcount by 15-30%. This would allow them to increase their staff significantly over a short period of time while avoiding any potential redundancies.

Conclusion

In conclusion, it appears that Binance is not planning any layoffs at this time and is instead focusing on expanding their team through recruitment drives. With 463 listings already available on their job openings page, it looks like they will be able to reach their goal of 500 new hires before June 2021.