Huobi Forces Employees To Accept Payments In Crypto: Report

According to a report, Huobi Exchange is forcing its employees to accept salary in USDT/USDC instead of fiat currency. It is also claimed that if they deny to the payment method they will be fired. The HR department is communicating for the same with the employees. This decision has sparked protests against the firm by the employees.

Is Huobi Planning Layoffs?

At the end of the last month, there were news from several sources that Huobi is preparing for a massive layoff. They will be cutting down the number of employees from 1200 people to 600-800 people. The year end bonuses have been denied and the senior officials pay will be reduced.

Also read: Ripple Will Deflect, Say Craig Wright After Calling XRP A Ponzi Scheme

Contrasting tweets by Justin Sun

Despite such news making rounds, Justin Sun has tweeted on 29th December of hiring more employees. In his tweet, he noted about the importance of diversity in a workplace and thus, will be hiring female employees. Talking about this he mentioned about “more balanced and fair workplace.”

dear user,

Huobi is openly recruiting [Super Fire Sisters Group] for the majority of virtual asset enthusiasts. All female players are welcome to sign up and participate. At the same time, all Huobi users can vote for their favourite sister on the event page and live broadcast page to help her debut!

Sister Huobiyi & Super Fire Sisters Trial Competition

Wrote Huobi’s website

He said that a diverse team brings different ideas and perspective to the table. Thus, outperforming the firms that are homogenous. He also said that crypto industry has to offer to all sectors.