Huobi Employees May Be Terminated For Rejecting USDT/USDC Salaries?

Key Points:

• Justin Sun’s HR is in contact with all Huobi employees in order to switch the salary form from fiat currency to USDT/USDC.
• Employees who refuse to accept it may be terminated.

According to an exclusive report from WuBlockchain, Huobi is reportedly in talks with its staff members about switching the form of employees’ salaries from fiat currency to USDT or USDC.

Employees who are unable to accept the salary for shift from fiat money to USDT/USDC are being contacted by HR on behalf of Justin Sun. Those employees who reject the change may be terminated. The proposal was met with opposition from several of the staff members. According to several insiders, there was previously a rumor that Justin Sun’s exchange would cancel all year-end bonuses, would prepare to lay off the team of 1,200 people to 600-800 people, and would cut the salaries of senior employees.

However, Huobi Chief Executive Officer Justin Sun has dismissed reports that the company may lay off forty percent of its workforce. The following statement was made in response to the news by a person who is close to Huobi: “The news of layoffs is fairly reliable.” Because Huobi has been operating at a loss ever since it left China, the company needs to reduce its spending.

On the other hand, the firm denied the claims made in the report. In an internal reaction, Justin Sun, a worldwide consultant for Huobi, indicated that the Huobi layoff plan that had been disclosed by the media was inaccurate. Bear markets are often tough for any company, yet Huobi has managed to do so. The bear market is really picking up steam. Recent months have been marked by extraordinarily strong expansion for Huobi’s business, and the exchange’s daily new customers have propelled it to the forefront of their sector. It is a key development era, and I believe it will be even greater in 2023.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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