Futu Holdings Addresses Layoff Rumors Amid Organizational Restructuring

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Nov 21, 2024

Futu Holdings has addressed recent social media rumors regarding significant layoffs within the company. The firm clarified that the claims are unfounded and urged the public not to spread misinformation.

In a recent strategic move, Futu Holdings has been restructuring its organizational framework to enhance operational efficiency and expand its overseas business. This restructuring process includes the creation of new positions and the optimization of existing roles. The personnel changes affect approximately 5% of the total workforce, which the company considers a part of its regular business evolution.

Looking ahead, Futu Holdings plans to continue focusing on its core business areas, driving innovation, and strengthening its market competitiveness. These efforts are aimed at ensuring the company's long-term stable development in a dynamic environment.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.