{"id":22301,"date":"2023-07-14T20:00:50","date_gmt":"2023-07-14T20:00:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-reportedly-lays-off-1000-employeeswsj\/"},"modified":"2023-07-14T20:00:50","modified_gmt":"2023-07-14T20:00:50","slug":"binance-reportedly-lays-off-1000-employeeswsj","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-reportedly-lays-off-1000-employeeswsj\/","title":{"rendered":"Binance reportedly lays off 1,000 employees:WSJ"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689364165537-65682ec4-bc95-4dc4-8586-a24c0aed73eb-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689364165537-65682ec4-bc95-4dc4-8586-a24c0aed73eb-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689364165537-65682ec4-bc95-4dc4-8586-a24c0aed73eb-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1689364165537-65682ec4-bc95-4dc4-8586-a24c0aed73eb-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Binance is reported to have dismissed about 1,000 of its employees recently.<\/li>\n<li dir=\"ltr\">The report cites sources close to the exchange and comes at a time Binance is battling regulatory pressure.<\/li>\n<li dir=\"ltr\">The leading crypto exchange celebrated its 6th birthday on July 14.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/exchanges\/binance\/\">Binance<\/a>, the world\u2019s largest cryptocurrency exchange by trading volume, has reportedly cut its employee number by 1,000 in recent weeks.<\/p>\n<p dir=\"ltr\">The Wall Street Journal\u00a0<a href=\"https:\/\/www.wsj.com\/articles\/binance-lays-off-over-1-000-employees-d59ff6ad\" rel=\"noopener noreferrer\" target=\"_blank\"><u>reported<\/u><\/a> on Binance\u2019s layoffs on Friday, citing a source as saying the crypto exchange could still dismiss more of its workforce in coming months amid staff reorganization. According to the report, the crypto company could lay off up to a third of its workforce.<\/p>\n<p dir=\"ltr\">Binance celebrated its sixth year since it launched today, July 14, 2023.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">6 years ago today, a little exchange called <a href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@Binance<\/a> launched. Everyone was telling me there is no chance for another exchange. Here are some reflections over the last few years. Thank you for your unwavering support! \ud83d\ude4f<br \/><a href=\"https:\/\/t.co\/9O4UnE3G36\">https:\/\/t.co\/9O4UnE3G36<\/a><\/p>\n<p>\u2014 CZ \ud83d\udd36 Binance (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1679895264654503942?ref_src=twsrc%5Etfw\">July 14, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">Binance\u2019s employee layoffs<\/h2>\n<p dir=\"ltr\">Multiple crypto and mainstream companies have in the past year or so aggressively cut on their headcount, with crypto\u2019s situation exacerbated by the debilitating crypto winter. Binance was among those to eye staff reduction as Wu Blockchain revealed in a May 31<a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1663890209526927373\" rel=\"noopener noreferrer\" target=\"_blank\">\u00a0<u>tweet<\/u><\/a>.<\/p>\n<p dir=\"ltr\">Prior to the expected employee cut, the Changpeng \u2018CZ\u2019 Zhao led company had an estimated 8,000 employees globally. Reports highlighted plans to send 20% of the workforce home.<\/p>\n<p dir=\"ltr\">Binance remains the world\u2019s largest crypto exchange by trading volume. However, the past month has been tough for the company in terms of the myriad of regulatory challenges it has faced.\u00a0<\/p>\n<p dir=\"ltr\">The early June lawsuit by the US Securities and Exchange Commission (SEC), came as the exchange exited a number of countries due to regulatory reasons. It included Belgium and the Netherlands, and it <a href=\"https:\/\/coinjournal.net\/news\/binance-drops-its-license-application-in-austria\/\">ended its pursuit of a license in Austria<\/a>. Menwhile, it also faced scrutiny in France and recently Australia.<\/p>\n<p dir=\"ltr\">There have also been exits by top executives, including exchange\u2019s former Chief Strategy Officer Patrick Hillmann.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/binance-recently-laid-off-1000-employees-report\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Binance is reported to have dismissed about 1,000 of its employees recently. The report cites sources close to the exchange and comes at a time Binance is battling regulatory pressure. The leading crypto exchange celebrated its 6th birthday on July 14. Binance, the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22301"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22301"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22302"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}