CDS Crypto News Huobi Confirms 20% Layoffs
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Huobi Confirms 20% Layoffs

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Huobi Confirms 20% Layoffs, Denies Insolvency Rumors
Huobi Confirms 20% Layoffs, Denies Insolvency Rumors

Huobi, one of the well-known major cryptocurrency exchanges, confirmed the news of the dismissal while denying the bankruptcy claims.

Being Rebuilt

Recently, Huobi, one of the well-known crypto exchanges, was facing various bankruptcy and dismissal news. Tron founder Justin Sun, who joined exchange firm as a consultant, had previously denied these allegations. Although Justin Sun denied these reports, the team announced that the news of the dismissal was true.

Exchange firm plan to lay off employees can be attributed to events such as the current bear market and the FTX debacle. But the company sees the layoff plan as part of a restructuring, with Tron founder Justin Sun joining as a consultant. It is known that the planned dismissal rate is 20%, but no action has been taken regarding this plan yet. The company said:

“With the current state of the bear market, a very lean team will be maintained going forward. The personnel optimization aims to implement the brand strategy, optimize the structure, improve efficiency and return to the top three.”

Accepting the dismissal claims, the company denied the bankruptcy claims and stated:

“We are aware of the comments regarding the Huobi App and the safety of user assets. Such unfounded and inflammatory rumors not only damage Huobi’s brand image, but ultimately affect the interests of Huobi users.”

Leon Li, the founder of the firm, sold 60% of his the company shares to About Capital in recent months. The dismissal claims emerged under the name of restructuring works after the sale of these stakes.

About Huobi

Huobi is a digital asset exchange that serves in many countries and regions around the world. First established in 2013, the company adopts the mission of bringing blockchain technology to other sectors by using blockchain technology. Platform currently serves more than 100 countries and millions of users.

Reference

www.cointelegraph.com

Written by
oguz

The author is a political science and public administration student at Kocaeli University. He is also studying Management Information Systems at Anadolu University. He met Blockchain technology and Cryptocurrencies for the first time in 2019. Interested in cryptocurrencies for over 2 years. In addition he provides E-commerce and social media marketing services.

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