The CEO of Binance mentioned that the company has a “bottom out” program. CZ provided a brief illustration of Work From Home (WFH).
Binance Updates
The CEO, Changpeng Zhao, addressed rumors of redundancies at the cryptocurrency exchange. CZ referred to the rumor of layoffs as another day of fear, uncertainty, and doubt and designated it with a “4”.
According to Colin Wu, an independent Crypto correspondent, the world’s largest cryptocurrency by trading volume plans to lay off 20% of its employees next month. However, this development comes after the crypto-exchange announced it would not lay off employees.
In response to this allegation, the CEO of Binance mentioned the company’s “bottom out” program. Based on this program, many employees who could be a better fit for the organization are asked to depart.
He added that some individuals are exceptional performers but must suit the company’s culture. However, CZ provided a modest Work From Home (WFH) example and stated that it is not for everyone.
