The most toxic work environment I have ever encountered - Anonymous employee Binance Employee Review

1.0
Apr 11, 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good compensation package as far as salary, although given how volatile the environment is, you may not last long enough to enjoy the salary.

Cons

A very toxic work environment. Sexist, racist and generally speaking very discriminatory. When you do speak up to voice concerns to senior management, concerns are brushed under the carpet and backfire against you. Binance like to say they value diversity, but in reality they do not- just ask around, the stories will shock you. The management structure is extremely obscure. It is never clear who is actually in charge of what. This trickles down to every level of the business. It is never clear what is expected of you which leads to a very 'adhoc' environment and very long work days. CZ often sent around messages to all employees encouraging transparency, however, this is simply lip service. Binance has been intentionally structured to be an opaque company. Nobody apart from a few of CZ's righthand men (and women) know what is going on. Information is purposefully obfuscated to give the public the impression of a start-up that is turning a new leaf re compliance. This could not be further from the truth. Binance is rotten inside out, only a matter of time before the truth comes out.

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Binance Response
2y
Thank you for sharing your feedback and concerns. We take all feedback seriously and are committed to creating a positive and inclusive workplace for all employees. We are dedicated to cultivating an inclusive and diverse workplace where individuals of all nationalities are treated equally. If any employee feels that their ethnicity or any other factor is influencing their career in Binance, we encourage them to please share their concerns with managers and/or HR so we can investigate and take appropriate action. In terms of transparency and communication, Binance adheres to the principle of highly efficient communication. This entails leaders and teams only engaging in discussions when necessary, addressing specific requests or information, ensuring that communications are targeted. Our aim is for employees to remain laser-focused and not be distracted by irrelevant discussions. For more insight into our communication practices, please refer to CZ's principles: https://s.binance.com/GkBmhQ0r Thank you for taking the time to voice your concerns. We are dedicated to learning from your feedback and taking the necessary actions to build a more inclusive, transparent, and supportive workplace for all our employees.

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