In a bid to weather the unprecedented turmoil in the market, Huobi is the latest company to introduce job cuts. The crypto exchange is planning to lay off about 20% of its staff, a move that was confirmed by Tron founder and a member of Huobi’s global advisory board – Justin Sun. Crypto exchange Huobi saw $94.2 million in net outflows over the last seven days –$60 million (63.8%) of the outflows were recorded in the previous 24 hours.
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