Huobi Global Lays off 30% Workforce – 300+ Employees

June 29, 2022

LayoffsTracker

Huobi Global – The Beijing-based crypto trading platform to layoff 30% workforce after a slump in the company’s userbase.

300+ Employees will be impacted by these layoffs. Huobi as of this article has around 1000+ employees as noted by Coindesk.

As reported by renowned crypto-journalist Wu Blockchain on his Twitter.

EXCLUSIVE: Cryptocurrency exchange Huobi will start layoffs, which may exceed 30%. The main reason is the sharp drop in revenue after the removal of all Chinese users. Previously, Bybit also announced a layoff plan. pic.twitter.com/jbRG2Aew5G
— Wu Blockchain (@WuBlockchain) June 28, 2022