Huobi Reduces Workforce by 20%
Cryptocurrency exchange Huobi has become one of the many blockchain companies that last year decided to reduce their workforce. As part of business optimization, the management of the trading platform has laid off 20% of the employees after its acquisition by Justin Sun.
At the same time, a representative of Huobi has denied rumors the company allegedly laid off 40% of workers.
He has noted:
“In the bear market going forward, we will retain a small team. The reduction in staff is carried out as part of a strategy to improve the efficiency of the business model and return the exchange to the top three.”
In addition, Huobi has urged not to believe the rumors about the company’s financial problems. According to the company, such media reports not only damage the image of the exchange, but also scare its users.
