Reuters: Huobi to Lay off 20% of Staff

According to Reuters, Tron founder Justin Sun stated that crypto exchange Huobi plans to lay off about 20% of its staff. The “structural adjustment” has not started and is expected to be completed by the first quarter.

Previously, according to reports from Wu Shuo Blockchain and CoinDesk, due to the recent massive layoffs, Huobi stated that it would use the stable currency USDT/USDC instead of fiats to pay employees’ wages, and closed the internal employee communication group, blocking all communication and feedback channels for employees.


Leave a Reply