Huobi is Planning ‘Optimization’ by Cutting Worst-Performing Employees
Main page Finance, Cryptocurrency, Cryptocurrency Exchanges, Exchange, Crypto Market
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Dec. 27, 2018
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Another Chinese giant of the crypto industry, crypto exchange Houbi, has confirmed the coming layoffs in order to "optimize recruitment," according to South China Morning Post (SCMP).

A spokesman for Huobi Group confirmed the company is "optimizing the recruitment of personnel" by cutting staff showing the worst performance.

According to one of the Huobi employees, the exchange prepared for them a "blockchain qualification exam" consisting of 200 questions. If the employee fails to pass the exam the first time, he will be given a second attempt, but if he fails again, he can be fired.

At the same time, Huobi stressed that the Beijing-based head office continues to hire staff "for its core business and emerging markets."

According to SCMP, 1,000 people work for Huobi today. Last week, the exchange reduced about 100 employees, and in the future, it can get rid of half of them.

Earlier, Blockstream CSO said in twitter that other crypto-related giant Bitmain might perform massive layoffs.

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