Chinese trading platform Huobi has confirmed that it is going to lay off about 20% of its staff as part of the company’s restructuring. The representative of the exchange said that the rumors about the dismissal of 40% of employees are just rumors.
Now the company is adjusting its business plan to fit into the new market conditions. At the same time, Huobi will return to the top three among crypto exchanges.
“We know that users have doubts about the safety of assets. However, we believe that all doubts are unfounded. We continue to strive to improve our image in these difficult conditions,” the company said.
The company believes that crypto should prepare for the coming year, which promises to be challenging. Huobi’s team is reportedly undergoing a leadership reshuffle to help the company cope with the crisis.
The fact that the crypto exchange is planning mass layoffs was reported last year – the Chinese media assured that the company plans to cut the salaries of its managers, as it cannot cope with market conditions.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
