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.
‘Enforcement 40’ for 2020
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