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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) 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. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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