Crypto exchange Huobi to lay off 20% of staff, sparking declines in HT and TRX HuobiGlobal JustinSun Tron
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A Huobi spokesperson told Kitco Crypto that the exchange plans on moving forward with “a very lean team” amid the ongoing bear market. “The personnel optimization aims to implement the brand strategy, optimize the structure, improve efficiency and return to the top three,” they said. Huobi Token also saw its price tumble 17.15% from a high of $5.22 on Thursday to a low of $4.32 in trading on Friday, but has since climbed back to $4.64.
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