As reported 8btc with reference to the Chinese source Odaily, cryptocurrency exchange Huobi has closed a unit in Shenzhen, dismissing all employees.
Huobi Shenzhen division was established in October 2016 for the study of innovative business areas. In particular “daughter” Huobi worked on licenzirovanie educational project. The latter, however, failed.
Odaily reported that Shenzhen division employed more than 20 employees. Over time, the number of employees has dropped to 14, then all of them fired. The reasons for this decision, the source does not name.
One of the employees of Huobi told the publication that workers who were not in the semi-annual trial period, you will not receive a salary. Huobi Director of public relations Shi Wei confirmed the information about the reduction of staff in the company. She noted that only dismiss the least effective employees. At the same time, the exact number of the planned dismissal of workers she did not call.
On the other hand, another Chinese source Caijing denies rumors of resignation to all unit employees in Shenzhen. The publication notes that the liquidation company duplicate the functions of other units Huobi. Thus, workers simply were invited to join the basic structures of the company. In this case, all employees will be paid in accordance with the law.
According to one former employee of Huobi, a wave of job cuts in the company began in November 2018. By the end of December of the same year, the company’s staff decreased by about a third.
Note the reduction of staff in cryptocurrency companies are becoming global trend. Such “optimizations” occur in Bitmain, Steemit, Ethereum startups ConsenSys and Status.
ForkLog also previously reported that the cryptocurrency derivatives exchange Huobi DM reported about $12 billion trade volume for the first month of work.
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