Cryptocurrency alternate Binance is ready to make new job cuts. reportedly It plans to put off 20% of its workforce in June. The layoffs come after the corporate introduced earlier this 12 months that it will not lay off staff.

The alternate mentioned the choice was not a downsizing, however a reallocation of assets. A spokesperson advised Cointelegraph, “As we put together for the subsequent huge bull cycle, it has develop into clear that we have to concentrate on expertise density throughout the group to stay agile and dynamic.” .

Learn extra on Cointelegraph