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kucoin exchange retrenchment, follow the story from rumor to reality in this news. - turboplaycrypto

kucoin exchange retrenchment, follow the story from rumor to reality in this news.

At the beginning of this month (July), there were rumors about the dismissal of 30% of Kucoin exchange employees. From the rumor of this news to the reality of this news, follow this news.

Johnny Liu, the CEO of kucoin, denied the rumor that 30% of his employees were laid off.

kucoin exchange retrenchment, follow the story from rumor to reality in this news
kucoin exchange retrenchment, follow the story from rumor to reality in this news

Liu added that kucoin digital currency exchange will base any staff reduction and retrenchment on the basis of the exchange’s six-month evaluation for personnel. According to him, retrenchment in this company is a natural role that is necessary for the development and dynamics of this exchange.

Kucoin exchange is retrenching in order to advance its normal operation in order to improve the situation of this company. Currently, the personnel of this exchange reaches 1000 people in the world, which according to the CEO of this company is increasing.

Apparently, this was the answer to the independent newspaper of the crypto and blockchain industry, which claimed on July 25 that kucoin exchange will soon cut 30% of its staff due to the strict policies of the United States.

After Liu confirmed that the layoffs at the company were based on normal performance for the exchange to grow in the competitive environment that exists and Blockchain retracted its claim.

The decrease in the price of cryptocurrencies in 2022 caused exchanges such as Binance and Coinbase to remove some of their personnel.

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