The abrupt layoffs affecting around 200 employees, which spurred protests, indicate a potential disregard for labor rights and worker protections. Such actions can be viewed as undermining ethical labor practices and contribute indirectly to corporate environments that may favor authoritarian or repressive methods of workforce management.

Futu layoffs signal new phase of consolidation after rapid expansion

While the layoffs represent a common business practice in response to rising costs and global expansion pressures, from a left-leaning perspective the reduction of 5% of the workforce underscores a troubling trend of prioritizing profit and efficiency over worker security. Such actions can be seen as undermining fair labor practices and contribute to broader economic structures that may facilitate authoritarian capitalistic exploits.

China Broker Futu Cuts 5% of Staff on Global Strategy Shift - BNN Bloomberg