KuCoin is going to expand its staff by 300 people
Cryptocurrency exchange KuCoin has spoken out against rumors of mass layoffs, saying it actually intends to hire more than 300 employees in the coming months, CEO Johnny Liu said on Monday.
"KuCoin has not cut staff and has no plans to do so," Liu said. "We are one of the few crypto platforms that continue to grow, relying on an effective business strategy, focusing on the release of new products and maintaining a healthy atmosphere in our team."
Liu added that the company is doing everything possible to "increase employee productivity and motivation," as well as focus on expanding innovation and regulatory compliance. According to Liu, the total number of KuCoin employees recently exceeded 1,000, and current plans imply hiring another 300 people, Liu said. This includes positions in the technology, compliance and marketing teams.
"We believe that our bet on growth in times of market turbulence is the only right decision that helps us maintain a high bar," Liu added. "Any conversations claiming the opposite should be considered untenable."
The market downturn has prompted many crypto companies and exchanges to lay off staff. Coinbase let go about 1,100 employees in June, Banxa laid off 70 employees, and Huobi plans to lay off up to 30% of its staff.
https://coin-signal.com/cryptonews/kucoin-is-going-to-expand-its-staff-by-300-people/
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