Binance CEO Changpeng Zhao has dismissed reports of job cuts at the crypto exchange as "FUD" and labeled it with the number "4". Independent crypto reporter Colin Wu had earlier claimed that Binance was planning to lay off 20% of its employees next month, but Zhao stated that the company has a "bottom out" program in place and employees who are not a good fit are asked to leave. Binance had previously announced that it would not be sacking any of its workforce. This is a developing news story.
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