According to reports, Huobi plans mass layoffs and salary cuts
According to reports, Huobi plans mass layoffs and salary cuts
According to the Chinese reporter Colin Wu, the popular cryptocurrency exchange Huobi will be released a significant part of their workforce and the salaries shorten of leaders.
Last month, the stock exchange exposed speculation that it would shorten its staff due to the company's high number of employees. However, people familiar with the matter have confirmed that Huobi will drive the plan forward and at the same time shorten the salary checks of his leaders.
huobi canceled annual bonuses
according to the External " To reduce 600 or 800 employees. In addition, the stock exchange will delete its annual bonuses.
last month, the company announced that it would introduce a number of year campaigns that started on December 18. These campaigns include events and competitions in which users can win prices in certain cryptocurrencies.
The annual bonuses are abruptly ended because the company intends to terminate the program. The step takes place in the middle of a stricter bear market, in which many companies are struggling to maintain their profitability and to keep afloat.
Huobi, founded in 2013, has not yet officially commented on this topic. The news has triggered speculation about the health of the company and the future of the industry as a whole.
The stock exchange is one of the oldest and most important actors in the crypto room according to the fall of FTX. The company has branches in Singapore, Hong Kong and South Korea and serves millions of customers worldwide.
The crypto development trends
Huobi will not be the first crypto company to break down its workforce since the beginning of the Baisse. Several crypto exchanges, including Coinbase and Cryptocom, have released a significant percentage of their employees in order to reduce the operating costs and keep themselves over water.
At the beginning of this month the digital-asset platform bybit said It would be reduced 30 % of its workforce due to "ongoing restructuring, which aims to re-focus on efforts, and the dismantling will take place on a broad front".
The CEO of the company, Alex Harper, found that the company is in good condition and will continue to work as usual.
.