Huobi announces dismissal of personnel for adjustments
The main Chinese exchange will end 2018 with layoffs due to a trade adjustment plan
The end of 2018 will be bleak for a large percentage of Huobi Group employees after the announcement of a «minor» adjustment that involves a wave of layoffs.
The main Chinese exchange, with more than 1,000 workers, seems to follow the trend of Bitmain Technology in the reduction of personnel. In the statements regarding the adjustments, Huobi has indicated that it will continue to expand its equipment «for its main businesses and emerging markets.»
The two giants of the blockchain ecosystem are just two examples of the current crisis in the sector, where it has been accentuated by the sudden collapse of the market.
At the beginning of December, ConsenSys underwent a restructuring that resulted in a 60% reduction in its payroll of employees. The company sought to rationalize its business against the downward trend of the market.
Undoubtedly, the cuts, staff layoffs and contractions are a reflection of the crisis of the blockchain ecosystem and the business based on cryptocurrencies around the world.
M.Pino
Source: Diario Bitcoin
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