PANews reported on May 31 that according to The Block, Binance responded to the news of layoffs. A Binance spokesperson said that Binance regularly reviews how to best allocate talent to the right teams with the right resources. Sometimes it is inevitable that some employees who perform poorly or do not match the company culture will be fired. This behavior is not a layoff, but a reassessment of whether there are the right talents in key positions. Binance will still seek to fill hundreds of vacancies, including product research and business departments. Binance remains optimistic about the future. New user registrations remain strong.
