🎂Binance celebrates its 6th birthday with a twist, reportedly letting go over 1,000 employees in recent weeks! Reasons? Reallocating resources, apparently, but we suspect some cake-cutting budget cuts may have played a part.😉

- Cuts were global, affecting customer-service workers heavily, especially in India.

- Layoffs account for more than a third of Binance's previous 8,000 global headcount.

- Data from Glassdoor reveals employee dissatisfaction at Binance, no word on cake preferences though.

- Amid layoffs, Binance faces regulatory struggles worldwide, with SEC lawsuits, European denials, and lost banking partners.

- CEO Changpeng Zhao, not willing to step aside, acknowledges that it's "never all smooth sailing." Seems like turbulent waters ahead, better grab your life jackets! 🛥️