Exclusive: Huobi Forces Employees To Accept Payments In Crypto

Huobi is forcing employees to accept payments In crypto.
Huobi was getting ready to conduct a significant number of layoffs this year.
Justin Sun plans to fill open positions with women.

A report from Cryptonewsland claims that Huobi Exchange is requiring its staff members to take their salaries in the form of USDT or USDC rather than fiat currency. It is further said that if they refuse the manner of payment, they would be terminated from their positions.

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The HR department is maintaining consistent communication with the staff members. The workers’ reaction to this decision, however, has been demonstrations directed toward the company.

At the conclusion of the previous year, there were reports from many sources indicating that Huobi is getting ready to conduct a significant number of layoffs. They want to reduce the number of staff from 1,200 to between 600 and 800 during the next several months. Both the year-end bonuses and the top officials’ compensation will be lowered as a result of this decision.

On the other hand, as this story was still unfolding, Justin Sun tweeted on December 29 about expanding his workforce. In his tweet, he discussed the need of ensuring a diverse workforce, and as a result, he plans to fill open positions with women.

Justin Sun said;

By hiring more female employees, we hope to not only create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!

Sun also commented on an unrelated topic, Gemini’s debt crisis, on Twitter. He called current circumstances “a difficult time for the entire crypto industry” and said Huobi stands with the crypto community.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.