According to relevant sources, Binance has initiated layoffs, but the exact proportion is not yet determined. Binance has a total of about 8,000 employees and the compensation plan will be formulated based on different situations in various regions. There are rumors in the market that the layoff proportion in June is about 20%, but as of the time of writing, Binance has not responded to this. It is understood that a few departments of Binance are still recruiting. This layoff may be related to the overall poor market conditions and the significant expansion of Binance's workforce in the past.