Huobi Global says it has no plans to conduct “large-scale layoffs” and has refuted reports that two of its top executives have resigned amid a takeover of the Seychelles-based crypto exchange.
Reports that the company’s chief executive officer (CEO) Leon Li and chief financial officer (CFO) Chris Lee have resigned appeared to have originated from an Oct. 29 Twitter post from Chinese crypto blogger Colin Wu, citing “people familiar” with Huobi.
The Twitter post also suggested there could be mass layoffs planned for its 1,600 employees due to “too many people” working at the company.
However, a spokesperson from Huobi Global told Cointelegraph that rumors there could be mass layoffs are “untrue” and that its senior management continues to perform their duties “as per normal,” stating:
“Huobi Global’s senior management team is performing their duties as per normal, and rumors of large-scale layoffs are untrue. At present, Huobi Global enjoys a healthy cash flow, and the new shareholders have completed the capital injection.”
“Huobi has demonstrated positive development potential in key regional markets, and will continue to invest in business innovation, exploring international markets and recruiting local employees,” they added.
However, the spokesperson admitted that due to the crypto market downturn, some cost-cutting could…
