Binance, the largest cryptocurrency exchange in the world, has responded to reports of job cuts by stating that it is focusing on talent density across the organization. A spokesperson clarified that the company is not downsizing, but rather reevaluating whether it has the right talent and expertise in critical roles. Binance plans to fill hundreds of open roles and currently has 8,000 employees. Reports earlier in the day suggested that the company may have laid off up to 20% of its staff.
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