‘Remote-first is essential’ | Binance CEO: Rigid in-office mandates like Amazon's are bad for recruitment & innovation

Binance CEO Richard Teng has stated that the company’s remote-first work model is ‘essential’ for recruitment, retention, and innovation.

In a blog post published January 6, the CEO says that return-to-office (RTO) mandates as implemented by Amazon can risk employers “being left behind” in the battle for top-tier talent.

Teng’s blog post caveats that there is no such thing as a one-size-fits-all approach and describes hybrid models as a “promising middle ground,” but details several future work trends underpinning his firm’s remote-first approach, including employee demands for flexibility and the impact of artificial intelligence.

Binance has operated a remote-first business model since it was established in 2017, but has physical offices in countries such as Dubai and Paris and holds in-person events and gatherings for local teams in those regions.