Ex-Manager Huobi Group, who is not named, confirmed the publication of Caijing since November in the company there is a mass reduction of staff.
According to him, it is connected with the change of leadership, the new CEO of the company became Wen, trip stage Inn (Wen Xiaoqi), and problems with cash flow. At the end of December was laid off about a third of the former staff of the company, amounting up to 1,400 people, the source said the Chinese edition.
Odaily news Agency reported the closing of Huobi office in Shenzhen and the dismissal of all 14 of its employees. In a press-service of the company confirmed the elimination of the subsidiary Shenzhen Huobi, explaining that its work is duplicated by other units of the group. Stated that all employees were offered new jobs in the company, and refused were paid required by law to compensation.
Recall that reports of mass layoffs in Huobi appeared at the end of last year. The company did not deny layoffs, but called it a reorganization of the business and stressed that continue to hire new employees. Then started talking about large-scale layoffs of personnel in the Chinese mining giant Bitmain.
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