Binance to Hire 2,000 Amid Mass Crypto Layoff
Amid mass layoffs Binance has announced 2,000 open job opportunities.
This was disclosed via a Twitter post by Changpeng Zhao, the exchange’s Co-Founder and Chief Executive Officer (CEO).
The new development is coming after rival cryptocurrency exchanges earlier announced tremendous layoffs.
The world’s largest blockchain ecosystem and digital Asset exchange, Binance announced that it is currently recruiting talents for 2,000 open jobs.
This was revealed via a Twitter post on Wednesday by Changpeng Zhao, the founder, and CEO of Binance.
The CEO tweeted:
“It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did. Today, we are hiring for 2000 open positions for #Binance.”
Binance announcement is coming amidst tremendous job cuts from rival cryptocurrency exchanges.
Just yesterday, Coinbase, an American cryptocurrency exchange, revealed that it is cutting off its workforce by 18%.
According to Coinbase CEO Brian Armstrong, he said the measure was taken by the Cryptocurrency exchange company in anticipation of a recession that could lead to another crypto winter.
In his words, the CEO said:
“While it’s hard to predict the economy or the markets, we always plan for the worst, so we can operate the business through any environment.”
Meanwhile, a crypto winter is a period of a downward curl in cryptocurrency prices.
Gemini, another rival cryptocurrency exchange, had earlier stated two weeks ago that it was reducing its workers’ capacity by 10%.
BlockFi, a crypto lending service, and Crypto.com based in Singapore have in the past announced similar job cuts and it is beginning to look like a trend amongst cryptocurrency exchanges.
As of Monday, Bitcoin has fallen by 14%, dropping below $24,000, which is the least bitcoin has fallen since December 2020 and according to estimates, more than $200 billion was lost in the cryptocurrency market during the crash.