Binance CEO boasts 2,000 open positions at crypto firm
In the face of the gloomy mood in the cryptocurrency sector, Changpeng Zhao, commonly known as “CZ”, said today there are currently 2,000 open positions at crypto firm Binance.
CZ, who is the CEO of Binance, said in a tweet:
“It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did.
Today, we are hiring for 2000 open positions for #Binance”.
On June 14, 2022, Coinbase Global, Inc. (NASDAQ:COIN) announced a restructuring plan to manage its operating expenses in response to current market conditions and ongoing business prioritization efforts.
The plan involves a reduction of the company’s workforce by approximately 1,100 employees, representing approximately 18% of the company’s global workforce as of June 10, 2022, following which the company expects to have approximately 5,000 total employees as of the end of its current fiscal quarter on June 30, 2022.
Coinbase expects execution of the plan to be substantially complete in the second quarter of 2022.
Gemini plans to part ways with approximately 10% of its workforce, blaming current macroeconomic and geopolitical turmoil.