The numbers reported by CNBC and WSJ are 'way off,' said CZ.
The media outlet’s source noted that the DOJ battle could change Binance “fundamentally,” as if the firm decides to settle, it could cost it billions of dollars.Changpeng Zhao, CEO of Binance, started this year with a message for all of his followers that they should learn to ignore much of the FUD coming from traditional media outlets. In the next seven months or so, he had to use that phrase quite a lot.
When it came down to the layoff reports, CZ actually confirmed that his company had to undertake such actions, which he referred to as “involuntary terminations.” However, he said Binance is doing so as it strives for “talent density.”As we continuously strive to increase talent density, there are involuntary terminations. This happens in every company. The numbers reported by media are all way off. 4 FUD.
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