WSJ: Binance has laid off over 1,000 employees

According to ChainCatcher, a source told The Wall Street Journal that in recent weeks, Binance has laid off over 1,000 employees. The layoffs are ongoing and could result in Binance reducing its workforce by more than a third. According to several former employees, more staff were laid off this week, many of whom were customer service personnel. This round of layoffs is global, including about 36 customer service employees in India. It is reported that before the layoffs, Binance had 8,000 employees worldwide.

A Binance spokesperson confirmed that employees were laid off but declined to disclose the number of layoffs. "As we prepare for the next wave of a bull market, we have clearly realized that we need to focus on the talent density across the organization to ensure we remain agile and vibrant. This is not about downsizing; it's about reassessing whether we have the right talent and expertise in key roles."