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Huobi International says it has no plans to conduct “large-scale layoffs” and has refuted experiences that two of its high executives have resigned amid a takeover of the Seychelles-based crypto change.
Studies that the corporate’s CEO Leon Li and chief monetary officer Chris Lee have resigned appeared to have originated from an Oct. 29 Twitter put up from Chinese language crypto blogger Colin Wu, citing “folks acquainted” with Huobi.
The Twitter put up additionally prompt there could possibly be mass layoffs deliberate for its 1,600 staff as a consequence of “too many individuals” working on the firm.
Nevertheless, a spokesperson from Huobi International advised Cointelegraph that rumors there could possibly be mass layoffs are “unfaithful” and that its senior administration continues to carry out their duties “as per regular,” stating:
“Huobi International’s senior administration workforce is performing their duties as per regular, and rumors of large-scale layoffs are unfaithful. At current, Huobi International enjoys a wholesome money movement, and the brand new shareholders have accomplished the capital injection.”
“Huobi has demonstrated constructive growth potential in key regional markets, and can proceed to spend money on enterprise innovation, exploring worldwide markets and recruiting native staff,” they added.
Nevertheless, the spokesperson admitted that due to the crypto market downturn, some cost-cutting could still be on the cards though it didn’t clarify what this could entail, stating:
“Huobi Global is in a sound financial position at present, but due to the current market downturn, Huobi will also make adjustments to reduce costs and increase efficiency.”
Related: Why is the price of Huobi Token up 12% today as rest of the market slumps?
Huobi is a Chinese language cryptocurrency change based by Leon Li in 2013 and at present has operations in additional than 30 nations around the globe and a presence in over 100 nations.
In August, the crypto change received the inexperienced mild to supply fiat cryptocurrency trading services in Australia after registering as a digital foreign money change supplier with the Australian Transaction Studies and Evaluation Centre (AUSTRAC).
September noticed Huobi establish a partnership with South Korea’s “blockchain” metropolis of Busan to offer analysis and growth, know-how and monetary help for the Busan Digital Foreign money Trade. Huobi can be set to help in figuring out and hiring blockchain expertise for Busan’s native change.
In the meantime, the largest information got here in October, when About Capital Administration (HK) Co. Ltd, a Hong Kong based-asset administration agency, turned the change’s controlling shareholder following a successful buyout deal for an undisclosed quantity.
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