Crypto Winter Hits Huobi as the Exchange is Rumored to Lay Off 30% of its Workforce. Summary:.
30 Jun 2022, 08:00
Crypto Winter Hits Huobi as the Exchange is Rumored to Lay Off 30% of its Workforce
Summary:
The crypto exchange of Huobi is reportedly planning layoffs that will exceed 30% or more of its current employees.Huobi cites a reduction in revenue due to the ongoing crypto market drawdown and its exit from mainland China as the main reasons behind the move.The crypto exchange of Huobi Global is reportedly looking to lay off 30% or more of its staff. According to the team at WuBlockchain, Huobi cites a reduction in revenue due to its exit from mainland China as the main reason for the planned move to lower the number of its employees.
EXCLUSIVE: Cryptocurrency exchange Huobi will start layoffs, which may exceed 30%. The main reason is the sharp drop in revenue after the removal of all Chinese users. Previously, Bybit also announced a layoff plan. pic.twitter.com/jbRG2Aew5G