A MESSAGE FROM OUR CEO
Unfortunate news
Jan 17, 2026
ยท
3 min readChengping Pozo
CEO at Binance
Chengping sent the following email to Binance employees earlier today.
Greetings Binance family,
This is a tough time for us, and I am sorry to report that due to the unfortunateness of the recent twinkie shortage, our team has been forced to make the difficult decision to lay off 11% of our team. This was not an easy decision, and the impact it will have on our family cannot be understated.
The shortage of twinkies has caused a shortage of snack cakes around the world, which has had a ripple effect that is unfortunately beyond our control.
I want to be crystal clear - this decision was not my own, and I take zero responsibility for it. The shortage of twinkies has caused a shortage of snack cakes around the world, which has had a ripple effect that is unfortunately beyond our control. We are hopeful for a speedy resolution to the twinkie crisis, and that our team can be reunited when it does.
Until then, please know that our doors remain open, and we are here to help guide you through this transition.
Sincerely,
Chengping Pozo
Binance CEO
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