Huobi confirmed layoffs of 20%, and Sun Yuchen contributed 100 million US dollars to supplement the scale of reserves

Reporter｜Si Linwei

On January 6, according to Reuters, the cryptocurrency exchange Huobi plans to lay off 20% of its employees in the cold winter. Previously, Jiemian News learned that Huobi’s global advisor, Justin Sun, denied the 40% layoff plan in an internal statement, saying that Huobi was a fire in a bear market.

With the news of Huobi’s layoffs spreading, the outflow of Huobi Exchange’s assets has accelerated. According to DeFiLlama’s data, Huobi’s net outflow of funds in the past 24 hours was 85 million US dollars, accounting for about 2.9% of the total assets disclosed, and the net outflow of funds in the past 7 days was 135 million. Dollar. On January 8, according to Bloomberg News, Justin Sun transferred stablecoins worth about US$100 million to Huobi Exchange to support the scale of Huobi’s reserves. Sun Yuchen responded that this was a sign of confidence in Huobi, and expressed Indicates that the source of funds is personal.

In response to the layoff news, Huobi responded to Jiemian News. In the response letter received by Jiemian News, Huobi confirmed the plan to lay off 20% of its employees, saying that “the planned layoff ratio is about 20%, but it has not yet been fully implemented.” Huobi explained that the purpose of personnel optimization is to implement the brand Strategy, optimize structure, improve efficiency, and look forward to “returning to the top three” (referring to the top three in the industry) as soon as possible. At the same time, in the response letter, Huobi also emphasized that the current rumors about the security of Huobi users’ assets in the community are not true. It is the interests of Huobi users.”

Huobi emphasized that “the new shareholders have taken over the old Huobi within just 3 months, and the decline of the old Huobi has been reversed. The recent business situation of Huobi is improving. The daily increase has reached the first level in the industry, and the monthly new The number of additional users reached 390,000.”

Since the founder Li Lin chose to withdraw his shares in October 2022 and was acquired by a fund of Hong Kong Baiyu Capital, Huobi Exchange has not announced a new CEO candidate for Huobi Exchange, but has established a Huobi Global Advisory Committee. However, the person representing Huobi Advisory Committee the most is Justin Sun, the founder of its member TRON.

On January 7, Huobi told Jiemian News in a response letter: “Mr. Sun Yuchen is currently serving as a member of Huobi’s Global Advisory Committee, providing similar consulting suggestions and strategies for the company’s development.”

At the same time, Huobi Exchange ushered in personnel adjustments. On January 6, Huobi issued an internal letter stating that the head of the group’s human resources administration department will be concurrently held by the group’s internal audit director Ryan Wang, and Mike Hu will no longer be in charge of the group’s human resources administration department. one post. The internal letter also stated that promotion and salary adjustment and annual appraisal will be carried out this year.

Huobi side confirmed the personnel adjustment of the person in charge of human resources administration to Jiemian News, and said that the internal promotion, evaluation, salary adjustment arrangement is true and is being carried out in an orderly manner.

After experiencing the crypto winter in 2022, the total market value of cryptocurrencies has fallen below $1 trillion. Many crypto institutions have recently announced layoff plans. Genesis, the world’s largest crypto lender in trouble, announced yesterday that it will lay off 30% of its workforce. Today, SuperRare Labs, the developer of the NFT trading market SuperRare, announced that it will lay off 30% of its staff to survive the cold winter.