Employees in the bottom 20% of performance rankings at Binance may not receive year-end bonuses

According to ChainCatcher news, which was exclusively reported by Wu, Binance has reportedly announced that employees who rank in the bottom 20% of performance this year will not receive a year-end bonus. Some teams have communicated this message to their employees, but there has been no company-wide announcement, and it is uncertain whether this policy will change in the future. Generally, Binance's bonuses are distributed before the Spring Festival. Last year, some teams at Binance received bonuses that even exceeded twenty months.

According to media statistics, more than 10,000 layoffs have occurred in the global cryptocurrency industry this year, but Binance continues to hire, with the global employee count exceeding 8,000. This means that there are still over 6,000 employees who can receive a year-end bonus. However, it is expected that the overall amount of bonuses will also decline significantly compared to last year. (source link)