1 year ago
Justin Sun has stated that the crypto speech Huobi is not carrying retired wide layoffs, according to a study from the South China Morning Post connected Jan. 2.
The South China Morning Post cited earlier reports from the Chinese concern quality outlet Jiemian, which obtained an interior connection from Sun. That report, presumably written successful Chinese, could not beryllium located.
However, Sun’s connection has been straight quoted successful different sources. Sun said:
“The Huobi layoff program shared by the media is incorrect…Huobi’s concern has been increasing exceptionally good recently, and its regular caller arrivals person risen to the apical of the industry. It is simply a captious improvement era, and I judge it volition beryllium adjacent amended successful 2023.”
Sun’s assertion countered a connection from an unverified Huobi insider who told Jiemian that layoff rumors were “somewhat reliable” and said that cutbacks were underway.
Rumors of Huobi’s wide layoffs originated from Colin Wu, who operates the cryptocurrency quality tract Wu Blockchain. Wu primitively reported connected Dec. 30 that Huobi would halt its year-end bonuses. He besides said that the institution would chopped its workforce from 1,200 to 600 oregon 800 and trim elder worker salaries.
Wu did not mention immoderate root for those claims. Nevertheless, reports of the layoffs were dispersed by different sites, including the competing speech Binance.
Wu has repeatedly dispersed rumors of impending Huobi layoffs since astatine slightest July of past year. Huobi denied those rumors erstwhile Wu re-circulated his claims successful November. At that time, representatives stated that “rumors of large-scale layoffs are untrue.”
It does not look that immoderate of the rumored layoffs were ever carried retired — though Huobi could person carried retired those layoffs silently oregon postponed the matter.
Sun’s statements this week presumably transportation the astir authority. Though Sun is champion known arsenic the laminitis and CEO of the TRON blockchain, helium left the project successful precocious 2021 and yet joined Huobi as an advisor successful October 2022. Sun presumably has heavy cognition of the company’s interior workings.
In summation to his main statement, Sun said connected Dec. 29 that Huobi is hiring pistillate employees arsenic portion of its diverseness efforts. However, that announcement does not bespeak that Huobi’s workforce volition summation successful size overall.
Sun besides commented connected an unrelated taxable — Gemini’s indebtedness crisis — connected Twitter today. He called existent circumstances “a hard clip for the full crypto industry” and said Huobi stands with the crypto community.
The station Justin Sun denies that Huobi is readying layoffs appeared archetypal connected CryptoSlate.
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