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KuCoin denies mass layoffs, says cuts are part of 'normal' operations

Published 07/25/2023, 09:20 PM
Updated 07/25/2023, 11:00 PM

Cryptocurrency exchange KuCoin has shut down rumors suggesting it was preparing to lay off 30% of its workforce — a figure that amounts to approximately 300 staff — in the coming weeks.

“We want to clarify that KuCoin has not initiated any alleged layoff plans,” a KuCoin spokesperson told Cointelegraph, adding that that any potential cuts are part of a broader plan to expand on the firm’s business development:

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