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Binance Aims to Hire 500 Employees by June Amid Cryptocurrency Industry Layoffs

Binance Aims to Hire 500 Employees by June Amid Cryptocurrency Industry Layoffs

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  • Binance, the global cryptocurrency exchange, stated that it has no plans for employee layoffs.
  • Instead, the company is aiming to fill more than 500 job roles by the end of June 2023, including positions in business development, communications, customer support, and engineering, among others.
  • CEO Changpeng “CZ” Zhao had previously announced that Binance intends to hire more staff in 2023 by between 15% and 30%, despite several cryptocurrency firms having implemented layoffs due to industry challenges and the ongoing bear market.

Unlike the other cryptocurrency firms that recently reduced their workforce, global cryptocurrency exchange Binance stated that they are not planning any layoffs. In addition, a spokesperson added that instead of letting go employees they are trying to fill another 500 roles by the end of June.

“As of today, we are actively hiring for more than 500 roles with the goal of filling them by the end of H1… We are not planning any layoffs,” a Binance spokesperson told Cointelegraph

As of writing, the exchange had 463 listings on its job openings page aiming to hire people that would fill roles in business development, communications, customer support and engineering and others. Some of its Philippine-related roles can be found on the BitPinas Job Page.

In January, CEO Changpeng “CZ” Zhao shared that in 2022, the firm increased their staff from 3,000 to “almost” 8,000. He then added that for 2023, Binance plans to continue increasing their numbers and hire more staff by between 15% and 30%.

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In 2022, despite several firms laying off amid the start of the crypto winter, CZ announced that they would  hire 2,000 more people to fill newly opened positions due to the firm’s new sponsorships and partnerships. (Read more: What Layoffs? What Crypto Winter? Binance is Hiring 2,000 People)

This year, several companies have already reduced their staff as early as January including Blockchain.com, Immutable, Polygon Labs, Magic Eden, Dapper Labs, Elliptic, and Chainalysis. The layoff cited the ongoing bear market as well as the industry mishaps from the past year. (Read more: Layoffs Sweep Through Web3 as Firms Seek to Survive Crypto Winter)

Prior to the abovementioned firms, crypto lender Genesis, Silvergate Bank, Cryptocurrency exchange Huobi and SuperRare backer SuperRare Lab also laid off employees in January. (Read more: Crypto Winter Effect? Here are the Web3 Firms that Recently Had Employee Layoffs)

Consequently, for Filipinos looking for a career in the crypto and web3 industry, there are currently numerous job opportunities available, ranging from software development and data analysis to marketing and customer service. BitPinas has curated the list of available web3-related jobs in the country, whether full-time, part-time, or even remote jobs, here.

This article is published on BitPinas: Binance Aims to Hire 500 Employees by June Amid Cryptocurrency Industry Layoffs

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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