Binance Slashes 1,000 Jobs in Recent Downsizing: WSJ
Binance, the cryptocurrency exchange, has reportedly laid off over 1,000 employees globally in recent weeks due to ongoing legal investigations by the SEC and other regulatory challenges. The layoffs, which could eventually affect more than a third of Binance's staff, are aimed at increasing talent density and ensuring the company's agility in preparation for the next major bull cycle in the cryptocurrency market.