Futu Holdings (FUTU, Financial), an online brokerage, recently announced a 5% workforce reduction, leading to protests by affected employees near its offices in mainland China and Hong Kong. Employees expressed dissatisfaction with signs alleging unfair treatment and inadequate compensation.
The company clarified that the restructuring does not affect its Hong Kong subsidiary and aims to enhance operational efficiency and expand overseas. Futu emphasized compliance with local laws and has established communication channels to assist affected employees.
Rumors circulated on social media about significant layoffs by year-end, affecting up to 50% of employees. However, Futu's spokesperson denied these claims, confirming only a 5% personnel adjustment as part of normal business operations.
Futu remains committed to focusing on core business, innovation, and market competitiveness to ensure sustained growth in a changing environment.
