Cryptocurrency Exchange Huobi Plans to Cut 20% of Workforce
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Crypto exchange Huobi is planning to lay off 20% of its workforce, as a months-long rout in digital asset prices continues to disrupt many of the industry’s largest companies.
Singapore-based Huobi expects to maintain “a very lean team” going forward due to the ongoing bear market, the company said in a statement on Friday. Reuters was first to report the firings.