The article says a spokesperson said they "need to focus on talent density." Talent density is a new buzz word to me!
Implying you'd have to be pretty dense to work at Binance.
Binance lays off over 1k Employees
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Re: Binance lays off over 1k Employees
#12Re: Binance lays off over 1k Employees
#13The article says a spokesperson said they "need to focus on talent density." Talent density is a new buzz word to me!
Only the densest talent available made the cut. Part of this new talent push was upgrading the chairs, to handle the increased talent density. Our people are 90% tungsten and it's something we are really proud of.
Re: Binance lays off over 1k Employees
#14The article says a spokesperson said they "need to focus on talent density." Talent density is a new buzz word to me!
Only the densest talent available made the cut. Part of this new talent push was upgrading the chairs, to handle the increased talent density. Our people are 90% tungsten and it's something we are really proud of.
Stalionstatues.. Each and every ounce.
Re: Binance lays off over 1k Employees
#15> Binance had a global staff of 8,000 A 12.5% reduction. Also, they are way larger than I thought with 8k employees. I don't know what's involved with running an exchange but they must be into lots of things with that many folks.
To be fair, exchanges are pretty complicated. That said, it seems like a pretty high number.
Re: Binance lays off over 1k Employees
#16The article says a spokesperson said they "need to focus on talent density." Talent density is a new buzz word to me!
sounds like they need smaller offices.
Re: Binance lays off over 1k Employees
#17I haven’t paid any serious attention to crypto-type markets in a while but historically BTC/USDT was a pretty good number to look at if you could only look at one and it’s (glances)…whoa back above 30k? That’s not like peak tulip or even close but historically like, high-ish I think. I don’t particularly feel like reading the entrails of the crypto chicken at the moment so I’m going to assume that the crypto market (including the perpetual futures and stuff where Binance makes the big bucks) isn’t lying in ruins. I’m sure someone will let me know if that’s way off.
8 thousand people is not a lot for a company doing trillions of dollars of transactions in dozens of countries most which have at least some regulation. That would be a lot if they were all engineers and quants, but even there, an electronic stock market is a tricky little devil to build and operate.
So is this a bad outlook for crypto, a serious setback in the various regulatory battles, or just another brick in the wall of what is increasing looking like Don’t Poach Gate 2.0? (Sorry Bond Villains, the kids were going to hear about that eventually.)
Re: Binance lays off over 1k Employees
#18The article says a spokesperson said they "need to focus on talent density." Talent density is a new buzz word to me!
are they bashing people they laid off, assuming that 1k people were less talented than the rest?
No offence, but that's usually how capitalism works, the least talented are the first to go - unless we're talking about Twitter and then it's about showing off at the office.
Re: Binance lays off over 1k Employees
#19> Binance had a global staff of 8,000 A 12.5% reduction. Also, they are way larger than I thought with 8k employees. I don't know what's involved with running an exchange but they must be into lots of things with that many folks.
They have around 100M registered users, so approximately 1 employee for every 100k users seems reasonable.
Re: Binance lays off over 1k Employees
#20> Binance had a global staff of 8,000 A 12.5% reduction. Also, they are way larger than I thought with 8k employees. I don't know what's involved with running an exchange but they must be into lots of things with that many folks.
you need a lot of operations people like customer service for an exchange. not really surprising.