Futu Holdings Faces Challenges as Global Expansion Slows, Leading to Workforce Reductions

Futu Holdings, a notable Hong Kong-based brokerage known for its online trading platform, has recently made headlines after announcing a significant reduction in its workforce due to slowed growth in its global expansion efforts. The company has opted to cut approximately 5% of its staff, a decision reflecting broader challenges faced by financial technology firms in an increasingly competitive and uncertain market.

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