Toxic Environment - Software Engineer Binance Employee Review

1.0
3 Aug 2023
Recommend
CEO approval
Business outlook

Pros

- work from home - no tax salary

Cons

- Revenue plummeted - Strange layoff policy, the company expects to lay off half of the employees, but it does not decide the list of layoffs once, but lays off some people every week, causing panic

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Binance Response
2y
Thank you for your feedback. At Binance, we’re obsessed with providing the best experience and value for our users. And to achieve this, we strive to have world class talent who share the same obsession with user focus. Over the last 6 years, we have grown from a small team to almost 8000 employees. This means we’re geared up to serve users even more effectively around the globe. However, similar to most companies that have seen rapid growth, we sometimes face inefficient resource allocation. That’s why, as with any other company, we always focus on optimizing our team structure and resources. We periodically review how we can best allocate our talent to the right teams with the right resources. And sometimes, this inevitably leads to letting go of some employees who might not be performing well or who might not be the right cultural fit. In order to keep the fast-moving, low bureaucracy culture that helped us to become leaders in Web3, our teams must stay optimized and focused. It is equally important for us to make every effort to ensure those leaving our business are treated with care and respect.

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5.0
9 Apr 2026
Recommend
CEO approval
Business outlook

Pros

Good Benefits and Remote work mode

Cons

No balance for life and work

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