Wu said: KuCoin will lay off nearly 30%, and KuCoin responded that this is a normal organizational development and personnel change

ChainCatcher news reports that, according to Wu Blockchain, the cryptocurrency exchange KuCoin will lay off nearly 30% of its staff. KuCoin currently has about 1,000 employees. The main reason for the layoffs is KuCoin's recent comprehensive compliance strategy and the tightening of KYC, which has led to a decline in profit margins. Previously, many KuCoin users in regions such as the United States and Canada were expelled.

KuCoin responded by stating that based on the company's business development and semi-annual performance evaluations, it will carry out a certain proportion of personnel optimization and adjustments as needed, which is a normal part of organizational development and personnel changes. In the face of new situations and opportunities, KuCoin is actively embracing compliance and focusing on core business development.