- Binance cuts employee benefits, including mobile-phone reimbursement and fitness reimbursement, due to declining profit.
- The company has already cut more than 1,000 employees and plans to cut more.
- Founder Changpeng Zhao assures employees that Binance is still profitable and unaffected by the SEC lawsuit.
- Lawsuits from the CFTC and SEC have impacted Binance's financials.
- Employees let go received termination agreements with a severance offer in BNB, Binance's own token.
Binance Cuts Back Employee Benefits, Citing Decline in Profit
Founder Changpeng Zhao told staffers last week that the crypto firm is still profitable
Caitlin Ostroff and 
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