KuCoin denies rumors of 30% staff layoffs, and says it’s a normal performance review!
The post KuCoin denies rumors of 30% staff layoffs, and says it’s a normal performance review! appeared first on Coinpedia Fintech News
KuCoin denies rumors that it will lay off 30% of its workforce, stating that personnel adjustments are part of a semi-annual performance review. The CEO, Johnny Lyu, claims that reviews are necessary to remain competitive in the fast-paced crypto sector. KuCoin employs around 1,000 people, and the number is increasing. While many crypto firms reduced headcount due to declining asset prices, the rate of layoffs in the industry appears to be slowing down, according to recent data.
