Futu Holdings (FUTU, Financial) experienced a pre-market decline of 1.1%, with shares priced at $88.01. This drop follows social media reports claiming that the company plans to lay off 40% to 60% of its workforce by the end of the year.
In response, Futu Holdings clarified that these reports are inaccurate. The company emphasized that it is undergoing organizational restructuring to enhance operational efficiency and expand its overseas business. This restructuring involves both the creation of new positions and the optimization of existing ones, affecting around 5% of the total workforce. Futu considers this part of its normal business evolution.
Looking ahead, Futu is committed to focusing on its core business, fostering innovation, and strengthening its market competitiveness. The company aims to ensure steady growth in a changing environment.
