Amber Group says it's 'business as usual' amid reports of more layoffs
Digital asset platform Amber Group is reassuring clients and stakeholders that it is “business as usual” at the firm following reports that the company laid off staff. The Hong Kong-based firm laid off "hundreds" of employees in this latest round, according to Wu Blockchain. The company also cut 10% of its workforce.
Chinese-language social media posts have raised concerns that former employees have not received agreed-upon compensation following the layoffs. Employees also said they have had difficulties contacting senior management, including CEO Michael Wu. Amber Group did not respond to a request from The Block for comment. Amber Group did not respond to a request from The Block for comment.
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