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TRIP.COM-S Dismisses Online Rumors of Massive Layoffs Across Multiple Departments
In response to recent online rumors claiming that TRIP.COM-S (09961.HK) would carry out massive layoffs across multiple departments, the company's PR department was quoted by C...
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TRIP.COM-S Dismisses Online Rumors of Massive Layoffs Across Multiple Departments
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In response to recent online rumors claiming that TRIP.COM-S (09961.HK)  -8.400 (-2.113%)    Short selling $130.80M; Ratio 14.646%   would carry out massive layoffs across multiple departments, the company's PR department was quoted by Chinese media as saying that the information is untrue and that the relevant rumor posts have been deleted. The company stated that manpower review are routine work conducted by the HR department and do not imply that layoffs will take place.

Owing to fines, the company purportedly planned to axe 20% of its workforce, while other departments were assigned layoff targets of less than 20%. The product R&D division was said to face layoffs of up to 30%. The hotel business was also rumored to have confirmed a 20% workforce reduction.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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