News > Crypto exchange Huobi to lay off 20% of staff: Report

Crypto exchange Huobi to lay off 20% of staff: Report

06/01/2023 08:37 PM | Click to read full article

"The planned layoff ratio is about 20 per cent, but it is not implemented now. With the current state of the bear market, a very lean team will be maintained going forward," Huobi said in a statement. The statement confirmed an earlier message from Tron founder Justin Sun, who said that the "structural adjustment" in Huobi has not started and is expected to be completed by the first quarter.

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