Binance Lays Off Over 1,000 Employees – WSJ

Binance, the giant crypto exchange, is cutting a big chunk of its workforce during a federal crackdown in the U.S.

Over 1,000 people have been fired in recent weeks, according to a person familiar with the moves. The exercise, which is continuing, could result in Binance losing more than a third of its staff, the person said.

More employees were laid off this week, according to former employees, who said customer-service workers were heavily affected. The cuts were global, including about three dozen customer-service employees in India.

Source: Binance Lays Off Over 1,000 Employees – WSJ