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<p class="is-style-lead">Binance is reportedly willing to&nbsp;<a href="https://twitter.com/adamscochran/status/1682097939471015937" target="_blank" rel="noopener noreferrer nofollow">accept</a>&nbsp;voluntary terminations from employees. The offers, sent out recently according to Adam Cochran, a crypto influencer and analyst, allow employees to resign, sign a new non-disclosure agreement (NDA), and receive a severance package of three months’ salary.</p> 
<h2 class="wp-block-heading" id="binance-is-ready-to-accept-voluntary-resignations">Binance is ready to accept voluntary resignations</h2> 
<p>It’s unclear why Binance CEO Changpeng Zhao has implemented this option, but reports suggest that employees from different departments can opt for voluntary termination. It is said that those willing to accept these offers were required to leave immediately.&nbsp;</p> 
<p>With the crypto winter extended and the regulatory uncertainty in several jurisdictions, the world’s largest exchange had to fire employees. Zhao <a href="https://www.cnbc.com/2023/07/14/binance-could-lay-off-thousands-in-response-to-doj-probe-source.html" target="_blank" rel="noopener noreferrer nofollow">stated</a> that the layoffs were essential to “increase talent density,” but the company is still hiring for other positions.</p> 
<p>Reports of voluntary termination offers come when Binance is facing increasing regulatory scrutiny. Lately, Binance has faced restrictions in various countries, such as Canada and the <a href="https://crypto.news/bittrex-files-for-bankruptcy-in-the-united-states/" data-type="post" data-id="14153965" rel="noopener noreferrer nofollow">United States</a>.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/binance-withdraws-from-canada-following-additional-crypto-regulations/" rel="noopener noreferrer nofollow"> Binance withdraws from Canada following additional crypto regulations </a> </p> 
<p>In June, the United States Securities and Exchange Commission (SEC) accused Binance of deceitful practices and participating in fraudulent activities. However, Binance has stated its intention to fight the lawsuit. The CEO, Zhao, has reassured the public that Binance is fully dedicated to following all relevant regulations.</p> 
<h2 class="wp-block-heading" id="crypto-fragile-coinbase-hiring">Crypto fragile, Coinbase hiring</h2> 
<p>In the recent retrenchments and human resource downsizing, several employees from multiple countries, including the United States, were adversely affected. </p> 
<p>Despite this development, Binance&nbsp;<a href="https://www.binance.com/en/careers/job-openings" target="_blank" rel="noopener noreferrer nofollow">continues</a>&nbsp;to hire in specific areas like engineering and product development. However, the cryptocurrency market is still fragile, and Bitcoin has dropped below the $30,000 psychological resistance level. </p> 
<p>Therefore, it remains to be seen whether another bear run could trigger even more layoffs in top crypto exchanges and other protocols struggling from sharp contractions in activity.</p> 
<p>It is worth noting that Binance is not the only cryptocurrency exchange to experience layoffs; other exchanges like Gemini have recently announced job cuts.&nbsp;</p> 
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   <p lang="en" dir="ltr">$340,000 per year to work at Coinbase.<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@coinbase</a> is hiring more people than any other company in Web3<br><br>There are over 83 remote jobs available right now.<br><br>If you want to work full time in Web3, these are the positions that you may be qualified for.<br><br>🧵👇 <a href="https://t.co/iBqd6EQkca" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/iBqd6EQkca</a></p>— 🇦🇺 Alex is Building (@AlexIsBuilding) <a href="https://twitter.com/AlexIsBuilding/status/1682161641117618176?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 20, 2023</a> 
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<p>Even so, Coinbase recently announced several remote positions as they sought to add talent from across the globe.</p> 
<p> Read more: <a href="https://crypto.news/coinbase-to-close-down-coinbase-borrow-by-november/" rel="noopener noreferrer nofollow"> Coinbase to close down Coinbase Borrow by November </a> </p>

Binance reportedly accepting voluntary resignations

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