US stock signals · May 20, 2024 0

LI AUTO Reportedly Launches Staff Optimisation; MEGA Sees Most Layoffs

Mainland media learnt from LI AUTO-W (02015.HK)  +4.000 (+4.171%)    Short selling $78.96M; Ratio 6.465%   (LI.US)      that the carmaker has launched a round of staff optimisations.

The hardest hit areas of staff optimisation involve the automated driving team, government public relations and the MEGA business line. Among them, the proportion of layoffs in the former two is close to 50%, while the MEGA line has the largest number of layoffs.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-20 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)