Leading cryptocurrency exchange Binance prepares to lay off at least 1,000 employees. 
According to an insider source, Binance is making this move, in a bid to cut down on quantity and pour its resources into talent nurturing. 
As reported by The Wall Street Journal and CNBC, Binance will be letting go of at least 1,000 employees worldwide. It is also worth noting that Binance is yet to officially state the exact amount of employers that could be pulled out of the company.
However, an insider source revealed that the layoff goes back to the company’s commitment to nurturing talent, in preparation for the next bull market. Since its inception, Binance has successfully onboarded nearly 8,000 employees from different parts of the world. However, with the continuous layoff from the exchange, the amount is expected to reduce to 7,000 or 6,000 and under in the long term.
In an email sent to Banking Dive, the spokesperson is quoted saying;
Over the last 6 years, we have grown from 30 to a

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