The cryptocurrency exchange Binance is not planning any layoffs in 2023, representatives said in a comment to Cointelegraph.
Rather, the platform intends to hire 500 people by the end of the first half of the year. Binance also said that since the start of the year it has hired more than 600 new staff.
There are 464 open vacancies listed on the company’s site.
In June 2022, Binance CEO Changpeng Zhao stated that the crypto winter is an excellent time to hire. In the same month, in интервью CNBC he outlined plans to expand the headcount by 15-20%.
The statement came amid widespread layoffs in the crypto industry. According to the CoinGecko report, in January 2023 more than 84% of the 2,806 market-wide job cuts were linked to cryptocurrency exchanges.
Earlier, NFT marketplace Magic Eden cut its staff by 15%, and Canadian Dapper Labs planned layoffs of 20% of its staff.
Since the start of 2023, further announcements of optimization have also been made by Coinbase, ConsenSys, Genesis Trading, Blockchain.com, Gemini, Luno and Matrixport.
In January, Binance reported its results for 2022, noting that the platform’s headcount exceeded 7,500.