Reporte: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company

According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company.

Contenido

Colin Wu Reports Layoffs Are Coming to Huobi and the Alleged Sale of 50% Stake

En Junio 28, 2022, Colin Wu, the local cryptocurrency and blockchain journalist from China, explicado that Huobi “will start layoffs, which may exceed 30%.”

Layoffs have been plaguing the crypto industry as companies like bloquefi, base de monedas, Geminis, Bitso, Buenbit, Rain Financial, Bybit, and 2TM have let employees go. The crypto winter and volatile markets have been the main reason why executives have decided to cut workforce numbers.

Wu detailed that “the main reason” why Huobi is laying off staff is because of “the sharp drop in revenue after the removal of all Chinese users.” However, there has been no official announcement about such actions stemming from official Huobi sources.

A company spokesperson did explain to Coindesk reporter Oliver Knight on June 28, that Huobi is in the process of reviewing the firm’s policies. “Due to the current market environment, Huobi Global is in the process of reviewing both its hiring policies and its current manpower, with the goal of re-aligning them to its operational needs. Further to such review, layoffs are a possibility,” the Huobi representative said.

En julio 1, 2022, Colin Wu shared another “exclusive” by revealing that Huobi’s co-founder Leon Li is reportedly attempting to sell some of the company. Wu’s claim is unverified and no official announcement about such actions has come from Huobi.

“Huobi founder [Leon] Lin is looking to sell his stake in Huobi. Li Lin currently holds more than 50% of the shares,” Wu detallado on Twitter. “The second-largest shareholder of Huobi is Sequoia China. Huobi’s revenue plummeted after it wiped out all Chinese users and is laying off staff.”

Huobi has seen significant growth during the past 12 months and the exchange is the fifth largest centralized trading platform by trade volume, according to Coingecko Estadísticas.

Huobi offers 577 different digital currencies and has 1027 trading pairs. During the past 24 horas, the exchange has seen $856 million in global trade volume.

Huobi Global is the third-largest centralized exchange in terms of assets under management (AUM) con $7.86 billion at the time of writing. Data from Bituniverse, Peckshield, Etherscan, and Chain.info indicates that Huobi holds 160,950 BTC, 2.13 million ether, y $746.3 million worth of USDT.

At the end of May 2022, Huobi announced that it acquired the Latin American exchange Bitex. Two weeks later, Huobi lanzado a blockchain and Web3-centric investment arm called Ivy Blocks.

Etiquetas en esta historia
50% of the company, prohibición, Bitex, Bituniverse, cadena de bloques, Chain.info, Chinese Users, Coingecko statistics, Colin Wu, company spokesperson, escaneo de éter, fifth largest exchange, Huobi, Huobi CEO, huobi mundial, No pides despidos, ivy blocks, Leon Lin, Li Lin, Peckshield, revenue, third-largest AUM, volumen comercial, Web3, Wu Blockchain

What do you think about Huobi reportedly laying off 30% of the company’s workforce? What do you think about the story concerning Huobi’s CEO Li Lin? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..

jamie redman

Jamie Redman es el líder de noticias en Bitcoin-Tidings.com News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 5,700 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




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