Crypto Exchange KuCoin to ‘Adjust Some Personnel as Needed’, but Denies Report of Major Layoffs

In a statement to CoinDesk, a spokesperson for KuCoin said that the company has โ€œnot initiated any alleged layoff plans.โ€ However, the spokesperson said that โ€œas part of the company’s business development and semi-annual employee performance review, there might be some personnel adjustments as needed, which is a normal process in organizational development.โ€

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