According to BlockBeats, Huobi's official internal letter shows that Huobi's global advisory committee has decided that the head of the group's human resources administration department will be concurrently held by Ryan Wang, the group's internal audit director, and Mike Hu will no longer be in charge of the company's organizational upgrade and business development needs. The post of person in charge of Human Resources Administration Department. According to a Reuters report today, Sun Yuchen said that Huobi plans to lay off about 20% of its staff, and the structural adjustment has not yet started and is expected to be completed in the first quarter.