No regret leaving Binance - Anonymous employee Binance Employee Review

1.0
Apr 23, 2022
Anonymous employee
Recommend
Business Outlook

Pros

Visionary leader - CZ. That's all.

Cons

The only worthy moment was the casual chats with CZ to understand his vision for the crypto industry and Binance. Apart from this, the rest of work environment is simply toxic. Some reasons: 1. The whole org is expanding too fast. CZ believes in decentralisation in work and it creates opportunists who take advantage of others' work or passing blame when things went wrong. HR team is incapable and the team hierarchy/structure do not promote any fair system to fully investigate most incidents. Results: Bad blood stays on, proliferate and continue to leech on new blood that onboard into Binance. 2. Plenty of incapable and toxic so-called young and promising leaders (just because they joined Binance at the early years thus trusted by the top). These are the people who would rotate to different teams and functions every quarter, arm with their incapabilities, only to find themselves staying afloat by doing the bare minimum and "talk" their way out. Result: Bad leaders stays, good team members lost faith and quit. 3. Toxic work cultures. They would sold the idea that people who work in Binance are "passionate", would be willing to clock in so many hours willingly. Due to peer pressure, most would conformed "or succumbed" to this and do the same, else risked your performance. Result: People burnt out or jeopardized their mental health, I've seen so many people quitting due to this and the HR or company do not simply care. 4. Self-proclaimed "innovative" and "user focused". But these values are determined top-down, the one on top and "louder" gets to say on what is innovative and what is user focused, not by the real facts. Result: Putting on a good show but the product experience improves very slowly. 5. People are rewarded for being unethical and smart (that's how you survived in an unregulated and unstructured work environment), or incapable and lucky (so you get trusted by your boss because you posed no threat to them). Result: I'm still seeing my incapable boss appearing in many of Binance events alongside ahem ** LOL). Last note: If you are adventurous and thrive in unstructured work environment, passionate about crypto, enjoying non-worklife balance, "ruthlessly" smart - then this might be an ideal place for you.

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