Justin Sun Rejected The News Huobi Will Lay Off 40% Of Its Workforce In 2023

Key Points:

• Justin Sun stated that Huobi’s latest company has been functioning very well in order to prepare for the forthcoming development.
• Despite rumors of a Huobi currency shortage after exiting the Chinese market, the CEO refuted the layoff report.

Huobi’s recent company has been performing very well, according to Justin Sun, Huobi’s global consultant, and it is a vital phase of development.

Huobi intends to cancel the year-end bonus and reduce the team size from 1,200 to 600 to 800 personnel, as well as renegotiate the wage structure of high-paid staff. That is, according to Wu Shuo’s blockchain news, Huobi aims to lay off approximately 40% of its staff once more.

A person close to Huobi responded to the news by telling Jiemian News: “The news of layoffs is somewhat reliable. Huobi has been losing money since leaving China, therefore it must cut expenditures.”

Huobi, on the other hand, refuted the report. “The Huobi layoff plan shared by the media is incorrect,” stated Huobi’s global consultant Justin Sun in an internal response. It is difficult to survive a bear market, yet Huobi has done it. The bear market is on fire. Huobi’s business has been growing exceptionally well recently, and its daily new arrivals have risen to the top of the industry. It is a vital development era, and I believe it will be even better in 2023.”

Huobi will usher in significant changes in the second half of 2022. On November 22, Jiemian News revealed that the Chinese name of Huobi Global, China’s former largest cryptocurrency trading platform, and that the English name had been trimmed from “Huobi Global” to “Huobi”.

Huobi has recently been embroiled in controversy after launching the Pi project ahead of schedule and without the project’s official approval. However, according to Huobi’s worldwide consultant Justin Sun’s social media speech, Huobi’s new additions in recent days have reached the peak level in 2021, and the company has been in a net deposit situation for 50 straight days. Unfortunately, some people are more uncomfortable watching Huobi users winning money than losing money, so they are forced to spread rumors in order to alleviate the 10,000-point critical blow to their small hearts.

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