KuCoin denies mass layoffs, says cuts are share of ‘traditional’ operations

KuCoin denies mass layoffs, says cuts are segment of ‘regular’ operations

Cryptocurrency substitute KuCoin has shut down rumors suggesting it became once making ready to lay off 30% of its team — a figure that quantities to roughly 300 workers — in the arrival weeks.

“We desire to clarify that KuCoin has now not initiated any alleged layoff plans,” a KuCoin spokesperson urged Cointelegraph, adding that that any likely cuts are segment of a broader figuring out to develop on the firm’s enterprise trend:

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